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Commercial Cannabis Licensee Bond Form State of California
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People also ask
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How much is a cannabis license in California?
Application and license fees Gross annual revenueApplication feeLicense feeLess than or equal to $100,000 (Tier I)$1,000$2,000$100,001 to $500,000 (Tier II)$1,000$7,500$500,001 to $1,500,000 (Tier III)$1,000$15,000$1,500,001 to $3,000,000 (Tier IV)$1,000$25,0003 more rows -
What is a Type 9 non storefront retailer?
A non-storefront retailer sells cannabis goods to customers only through delivery and requires a physical commercial location to apply with the DCC. This license type required is a Type 9. Cannabis retailers can only sell goods that have passed state-mandated testing and quality assurance review. -
What is the bond for cannabis license in California?
Per Section 15002 of the regulations, an application for an annual cannabis license must include proof of a surety bond of at least $5,000 payable to the State of California for each licensed premises. -
What is the purpose of a commercial bond?
Commercial bonds. Also known as business bonds and commercial surety bonds, commercial bonds are agreements that protect businesses. They're generally required by state laws for various industries, and guarantee some aspect of a principal's occupation. -
What is a Type 13 transport only distributor?
Type 13: transport-only distributor Type 13 distributors can move cannabis and cannabis products between cultivation, manufacturing or distribution premises. Reduced fees are available if you only want to transport the goods you cultivate or manufacture. -
What is a commercial cannabis license bond?
A California Cannabis Bond is a $5,000 surety bond that is required to be posted by cannabis business licensees before they are issued a license to conduct business in the State of California. There are six (6) different cannabis licenses issued by the State of California, each of which requires a $5,000 surety bond.
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