Georgia Medical Marijuana Surety Bond

Medical marijuana bonds in Georgia are broken down into two separate classes, each with different bonding requirements. If you’re unsure which license and surety bond are right for your business, contact our surety bond experts today. We will help you find the right license, including the following, and provide you with quick and reliable surety bonding.

• Class 1 Producer: This license class is for producing cannabis in an indoor facility only. In addition, all grown cannabis can only be used to produce low-THC oil. The cultivation space for class 1 producers is restricted to 100,000 square feet. The business may alternatively operate as a manufacturer of low-THC, but doing so requires a separate surety bond. There is also a limit of two licenses for class 1. The total bond amount for class 1 producers is $1,500.000.
• Class 2 Producer: Similarly, this license class can only be used to grow cannabis indoors for the purpose of producing low-THC oil. Cultivation space for class 2 producers is limited to 50,000 square feet. The business may also operate as a manufacturer of low-THC oil, but will likewise require an additional license and surety bond. The limit for class 2 is 4 licenses. The total bond amount for this class is $625,000.

The price paid for this surety bond depends on a credit report. Well qualified applicants with strong financial credentials could qualify to pay as low as 1% of the required bond amount. If you are ready to find out how much a Georgia Medical Marijuana Surety Bond costs then fill out our free quote form now!

Whether you are looking for a Georgia Medical Marijuana Surety Bond or any other type of surety bond in Georgia, The ProSure Group helps you find the right surety bond quicker & easier. Our goal is to provide you with simple and efficient service, so you can focus on your business, all while we make sure that your suppliers are dependable.