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Montana Marijuana Testing Laboratory Surety Bond
What is a Montana Medical Marijuana Surety Bond?
A Montana Marijuana Testing Laboratory Surety Bond is a surety bond that a marijuana testing laboratory may be required to post before it receives a marijuana license.
Testing laboratories analyze the quality and chemical makeup of marijuana and marijuana products to ensure high standards for consumers, among other responsibilities. A marijuana testing laboratory licensee is mandated by rule 37.107.305 to have a written security plan with safeguards for diversion, tampering, and theft of marijuana items. Amendments to the law could require a marijuana testing laboratory licensee to post a $25,000 surety bond.
For applicants with solid credit reports, a Marijuana Testing Laboratory Surety Bond in Montana can be written for as low as 1% of the total bond amount.
The Department of Public Health and Human Services (DPHHS) is named the loss payee on a surety bond for a marijuana testing laboratory. The $25,000 surety bond would pay the department for costs incurred in one of two situations:
The licensee failed to follow through on the security plan approved by DPHHS before the license was issued.
The licensee operated the marijuana testing laboratory facility in a manner that resulted in diversion, loss, or theft of marijuana items.
If you are interested in obtaining a Montana Marijuana Testing Laboratory Surety Bond, but you don’t see the information you need, please call our toll-free number, 1-800-480-3883. Legislation is always changing, and we might not have had the opportunity to update our website yet. Most bonds are needed at the state level, but some bonds can be required at the city or county level. No matter if it is listed here or not, the surety bond you need can be written by us today!
