Calaveras County Cannabis/Marijuana Surety Bond
What is a Calaveras County Cannabis/Marijuana Surety Bond?
For all cannabis/marijuana business applicants in Calaveras County, a Calaveras County cannabis bond must be secured as stated in the County Code §17.95.070.C to ensure compliance with all permit requirements and operating restrictions established in Chapter 17.95 of the Calaveras County Code.
How does a Calaveras County Cannabis/Marijuana Surety Bond work?
This bond will serve as a financial guarantee between the three parties involved: The Principal, The Obligee, and The Surety.
Accordingly, the Surety Bond company (Surety) will serve as the business that is seeking licensure and permit’s (Principal) guarantor to the County (Obligee). The Obligee will be the beneficiary of this bond.
How much will you pay for a Calaveras County Cannabis/Marijuana Surety Bond?
The bond amount is $5,000 and you will only pay for a percentage of the amount. The cost to the customer is called the ‘bond premium’, and those with excellent credit scores will be eligible to pay for less than 1% of the bond amount. The bond premium will be higher for those with lower credit scores.
Know how much you need to pay for a Calaveras County cannabis bond by getting your FREE SURETY BOND QUOTE HERE!
What are the steps in securing a Calaveras County Cannabis/Marijuana Surety Bond?
Here’s a step-by-step process on how you could easily secure this surety bond:
First, APPLY FOR THIS BOND HERE. When we receive your submission, we'll let you know what details or documents you'll need to send in order to move on to the next phase in the bonding process.
Our expert underwriter will assess the following during the underwriting process:
- Your financial capability
- Your business or job performance history
- Your credit score
To avoid any delays, please provide us with clear and organized details. Anything you've submitted will be double-checked by our professional underwriter. The bond will be released and sent to you as soon as you sign the indemnity agreement!