CalCannabis Cultivation Licensing, a division of the California Department of Food and Agriculture (CDFA), licenses and regulates commercial cannabis cultivators in the State of California. An important step in the licensing process is the submitting and maintaining of a $5,000 surety bond with CalCannabis. Per the California Business and Professions Code sections 26051.5 and 26070 and California Code of Regulations, Title 3 – Section 8102, this surety bond covers the costs of destruction of cannabis or cannabis products if deemed necessitated through a violation of the licensing requirements. The term for this type of bond is continuous and shall remain in full force and effect until canceled by the surety company. The surety can cancel the bond at any time by delivering thirty (30) days written notice to the CDFA and the principal.
Pacific Surety offers industry low rates and can obtain approvals for almost all credit situations. Once our simple application has been completed, we can have pricing to you within hours. If you have any specific questions, please contact our knowledgeable underwriting staff.