Surety by NFP is a major provider of Medical Marijuana License Bonds. Before the State of Colorado issues a license to an applicant, the applicant shall file with the state evidence of a Colorado Medical Marijuana License Bond in the amount of ($5,000) five thousand dollars with a corporate surety company licensed to do business with the State of Colorado, on the approved Medical Marijuana License Bond form prescribed by the Attorney General of the State of Colorado, and conditioned that the applicant shall report and pay all sales and use taxes due to the state, or for which the state is the collector or collecting agent, in a timely manner, as provided in law.
A corporate medical cannabis license surety shall not be required to make payments to the state claiming under such CO Medical Cannabis Bond until a final determination of failure to pay taxes due to the state has been made by the state licensing authority or a court of competent jurisdiction.
Colorado Cannabis License Bond
All Marijuana Licensing Bonds shall be renewed at such time as the bondholder’s Medical Cannabis License is renewed. The renewal may be accomplished through a continuation certificate issued by the surety company.
State Licensing Authority – Application and Issuance Procedures.
Applications for a Colorado Cannabis License shall be made to the Colorado licensing authority which will contain information required to determine whether a license should be granted. The information shall include the name and address of the applicant, the names and addresses of the officers, directors, or managers, and all other information deemed necessary by a state licensing authority. The Colorado licensing authority shall not issue a Medical Cannabis License until the local licensing authority has approved the application for a local license and issued a local license.
For more information about a Colorado Medical Marijuana License Bond, please feel free to call Surety by NFP using our toll free number (480) 947-3555. You can find additional information by going to the website www.colorado.gov.
Why do I need one?
A surety bond is a legally binding contract agreement, willingly entered into by three parties, for the purpose of providing a measure of protection for the customer involved in the agreement. While all three parties benefit in some way by the bond, the most obvious benefit is provided to the hiring company, or obligee in this 3rd party arrangement. Getting bonded makes you a more desireable partner to work with on certain projects. You are required to get a marijuana bond in Colorado, but there are several industries where people choose to get bonded, even though, it is not required. If makes people trust you more. Call us today, and learn how to get properly bonded. We are committed to helping you cross your “t’s” and dot your “I’s” when if come to the bonding process. Let us show you just how easy it is to get marijuana bonds today.
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Who We Are:
We’ve been the leader in the bond and insurance industry since 1984. We have the knowledge, experience, and access to markets to make the process as easy as possible. Since we are the largest bond writer in the country, we have in-house bonding authority, which saves you time and money. We know you have a lot of options, but we appreciate the opportunity to earn your business. We’ll work tirelessly to make sure you are satisfies with our work We’ll blow you away with how simple and easy our Marijuana bonds solution is. Call us today!