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** Please note that The ProSure Group does not charge any administrative fees to write these bonds. You pay the bond premium and that is it, nothing more!
The Florida Medical Marijuana Treatment Center Bond is in place to ensure Medical Marijuana Treatment Centers abide by all of the requirements set forth in Rule 64-4, Florida Administrative Code. One of those requirements says the dispensary must demonstrate the financial ability to maintain operations for the duration of the 2-year approval cycle. The bond also states the MMTC must comply with Section 381.986, Florida Statutes. Those Statutes dictate, among other things, the use of pesticides, where the cannabis may be grown, the inspection of seeds and plants for pests, where the cannabis can be processed, the testing of processed cannabis, the packaging requirements of cannabis, when and how cannabis is dispensed, the keeping of accurate records, the safety and security of facilities, and the safe transport of cannabis.
The Compassionate Medical Cannabis Act of 2014 charged the Florida Department of Health (DOH) with the responsibility to oversee the regulatory infrastructure for medical cannabis. Within the Department, the Office of Compassionate Use (OCU) was created, and later renamed the Office of Medical Marijuana Use, to write and implement the department’s rules, oversee the medical marijuana use registry, and license the businesses under Florida Statutes, Section 381.986 and Senate Bill 8-A. The Department is the only claimant with legal standing to make a claim on the bond. The Obligee on the surety bond is the Florida Department of Health, Office of Medical Marijuana Use (OMMU).
Florida Medical Marijuana Surety Bonds run concurrently with your license, which is valid for a period of 2 years. The bond may be extended for additional two-year terms with a continuation certificate from the surety. The bonding company will typically bill for the bond biennially. The surety bond may be canceled by the surety company with 90 days’ written notice to the Principal (Medical Marijuana Treatment Center) and the Obligee (Florida Office of Medical Marijuana Use).
Contact The ProSure Group! As surety bond experts in business in Florida since 1993, The ProSure Group has experience handling many bonds of this type and has partnerships with more than 30 different surety companies. This ensures that we get you the best, most competitive pricing and terms available in the marketplace. You just need to complete our simple application and one of our specialists will quickly contact you.
What you will need to submit to obtain your license:
|License||Florida Medical Marijuana Performance Bond||Florida Department of Health, Office of Medical Marijuana Use
||$5,000,000||Apply For Your Bond Now|