In the state of Maine, retail marijuana dispensaries are legally required to obtain a marijuana surety bond. In order to sell marijuana, the state of Maine requires licensure to be obtained. Stores, cultivation facilities, social establishments and all other marijuana entities are legally required to acquire a surety bond, which guarantees that adherence to state laws and regulations as they relate to the marijuana retail establishments and practices.
Under Maine Legislation, SP0520 LD 1491, the following conditions must be met by the retail marijuana establishment in order to obtain state licensing:
The cost of a marijuana surety bond in Maine varies but is typically between 1 percent and 5 percent of the entire bond amount. There are numerous retail surety bonds for specific establishments, all of which vary in costs:
Contact ProSure Group! Our surety agents in Florida offer professional advice and warrant surety bonds to marijuana retail establishments. Our agents will work with you to complete all of the necessary documents and paperwork so underwriting can begin. After underwriting and all documents are completed, your Maine retail marijuana surety bond will be issued!
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