Overview of the Cannabis Business Bonds Program
Surety One, Inc. offers a responsive and flexible surety bond solution tailored for the cannabis industry. As a managing general agency and excess & surplus lines broker, we underwrite non-admitted cannabis-related surety bonds in jurisdictions where cannabis operations are legally permitted. Our broad appetite and fast turnaround times make us a reliable partner for agents placing accounts in the growing marijuana sector.
Ideal Accounts and Appetite
We welcome submissions for a wide range of cannabis-related businesses, including:
- Retail dispensaries (medical and recreational)
- Cultivators and grow operations
- Testing laboratories
- Processors and manufacturers
- Distributors and transporters
You might have a client who is opening a new dispensary in a state that just approved recreational cannabis or a grower expanding into a multi-state operation—Surety One can help you secure the bonding they need to stay compliant with state licensing laws.
Coverage Highlights and Advantages
Our Cannabis Business Bonds are specifically designed to meet state-specific licensing and regulatory requirements. Highlights include:
- Fast, streamlined bond issuance process
- Flexible underwriting for new and established businesses
- Responsive service and direct access to experienced surety underwriters
- Support for multi-state operators
Underwriting Notes
This program is written on a non-admitted basis. We evaluate each submission individually, with a focus on the applicant's business experience, financials, and licensing requirements. We are committed to working with agents to find solutions, even for complex or emerging cannabis operations.
Territories and Availability
Surety One’s Cannabis Business Bonds are available in all 50 states and the District of Columbia where cannabis-related businesses are legally permitted, including but not limited to CA, CO, FL, IL, MA, MI, NY, NV, OR, and WA. We monitor legislative changes and adapt our offerings accordingly.
Why Work With Surety One, Inc.?
Surety One, Inc. is known for its speed, flexibility, and expertise in niche surety markets. We are one of the most proactive underwriters in the cannabis space and are committed to supporting agents with responsive service and real underwriting access. Whether your client is a start-up dispensary or a vertically integrated cannabis company, we are ready to help you place their bond needs with confidence.
Frequently Asked Questions
What types of cannabis businesses are eligible for this bond program?
We consider dispensaries, cultivators, testing labs, manufacturers, and distributors operating legally under state laws.
Is this program available in all states?
We offer Cannabis Business Bonds in all states and the District of Columbia where cannabis businesses are legally permitted to operate.
Are start-up businesses eligible for bonding?
Yes, we evaluate applications from new ventures and start-ups, especially those with strong business plans or experienced principals.
What makes Surety One a good partner for cannabis surety bonds?
We offer fast turnaround, flexible underwriting, and deep experience with cannabis compliance requirements across multiple states.
Do you require collateral for cannabis bonds?
Collateral requirements are determined case by case, depending on the applicant’s financial strength and bond amount.
Need help placing an account? Connect with a market specialist.