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North Dakota Medical Marijuana Compassion Center Surety Bond – Manufacturing Facility
What is a North Dakota Medical Marijuana Surety Bond?
A North Dakota Medical Marijuana Surety Bond is a surety bond that a marijuana manufacturing facility must post to receive its registration certificate as a “compassion center” from the North Dakota Department of Health (NDDOH). The bond is required once the applicant receives notification of its eligibility for registration.
The amount of the surety bond required for registration can vary for each registrant and is ultimately determined by the NDDOH. Although, for a compassion center acting solely as a marijuana manufacturing facility, the bond amount cannot exceed $1,000,000.
For a qualified applicant with proven credit and strong financial records, a surety can write a Cannabis Surety Bond in North Dakota for as low as 1% of the total bond amount, which, for a manufacturing facility, is $10,000 or less.
The surety bond is used as financial assurance from the manufacturing facility to NDDOH. The purpose of the bond is to provide both public-health and environmental-safety protections in case the manufacturing facility becomes abandoned or its owners default or prove incapable or unwilling of fulfilling the requirements listed in Chapter 19-24.1: Medical Marijuana.
Once a compassion center is eligible for a registration certificate as a manufacturing facility and posts the appropriate surety bond, the permissible activities of that facility include to produce, process, store, and transport usable marijuana to sell to a dispensary.
While NDDOH initially approved the registration of a preset number of compassion centers that act solely as manufacturing facilities, more facilities may be approved if there is a demonstrated need from patients and caregivers. The department may also begin a new, open application period for more compassion centers after a registered center fails to renew its certification or has its registration revoked.
If you are interested in obtaining a North Dakota Marijuana Surety Bond, but the correct bond is not found above, please call us toll-free at 1-800-480-3883. State laws are always changing, and we may not have had the chance to put the latest information on our website yet. Additionally, most bonds are needed at the state level, but some bonds are required by at the county or city level. Even if you do not see what you are looking for listed here, we can still write the bond you need today!