California Requirements: Licensing Bonds for Cannabis Businesses
The Bureau of Cannabis Control has indicated through the California Code of Regulations a bond will be needed as part of the annual license application requirements under Section 5002. This means retailers, cultivators, manufacturers, distributors, laboratory testing, and microbusinesses will need to buy a bond.
Section 5008 (Bond) of the code states:
A bond is a type of insurance product with features of a loan. The face amount of the bond is paid to the party requesting their interests be pr...more