Nevada County Cannabis/Marijuana Surety Bond
What is a Nevada County Cannabis/Marijuana Surety Bond?
A Nevada County cannabis bond is a requirement for the licensing of cannabis producers as per Sec. L-II 3.30 (G)(1)(xxi) of the Nevada County Land Use and Development Code.
The surety bond ensures that the Nevada County Land Use and Development Code's Section L-II 3.30 is followed. The liability also covers costs, reasonable expenditures, and fees, including reasonable attorney's fees incurred by the County in implementing the same.
Can you secure this Surety Bond even if you have bad credit?
Yes, of course! Unlike other surety bond companies, we will work with our customers to find the best solution for them, regardless of their credit challenges. Please note, however, that due to the heightened risk, the Principal will be expected to pay a higher bond premium.
How much is a Nevada County Cannabis/Marijuana Surety Bond?
The bond penalty is in the amount of $5,000 BUT you will only pay a percentage of the bond amount. This amount is deemed as the “Bond Premium”
The bond premium can be as low as 1% of the bond amount if the Principal has a good credit score.
How can you get a Nevada County Cannabis/Marijuana Surety Bond?
Here’s a step-by-step guide on how to easily secure your Nevada County cannabis bond:
STEP 1: Application for Bond
First, you must apply for this surety bond HERE. From the moment you apply until the bond is issued to you, one of our expert surety bond agents will walk you through the entire process.
STEP 2: Assessment
Following that, you'll be asked to provide some important details that our underwriter will need to assess the following:
- Your credit score
- Your job or business history
- Your financial strength
Please double-check that you have all of the correct details before submitting to prevent any delays.
STEP 3: Issuance of Bond
We will issue your bond and give it to you as soon as the underwriting process is completed!
If you need to get a Nevada County Cannabis/Marijuana Surety Bond immediately, APPLY FOR YOUR BOND HERE!