Home Add to Favorite Contact Submit  
           23 September, 2020


    
Category:  Press » Finances

 

California Cannabis Insurance Company Explains Marijuana Surety Bonds

Popularity:
         Views: 624
2019-05-30 08:16:23     
Alec Roberts

Los Angeles, California ( press.abc-directory.com ) May 20, 2019 - MFE Insurance, a California cannabis insurance company, recently released a blog discussing the use of surety bonds for marijuana dispensaries. While there is no single surety bond available for the industry on a national basis, states require medical and recreational dispensaries to carry various types of bonds before they can begin operation.

Surety bonds provide a financial guarantee that the bond holder will fulfill contractual obligations to the state for various purposes, such as the reporting and payment of sales taxes. If the bond holder does not follow through on these obligations, the surety agency will step in to secure payment for the government. To get licensed, a dispensary must submit an application with its respective state, and while there are 29 states that have legalized marijuana use in some form, Colorado is the only state currently accepting new applications. Applicants will pay a premium of between one percent and 15 percent of the bond amount in order to obtain one, though applicants with bad credit may have to pay a higher amount.

Each state has its own requirements for those seeking to obtain a marijuana surety bond. For example, applicants must agree to adhere to certain construction standards while building or remodeling their dispensary in certain states. The amount of the bond required, and the premiums that must be paid, also vary from state to state. In some areas, growers, processors, nd researchers must all carry bonds, in addition to dispensaries. Check the regulations in your area to determine the type of bond and amount required, and seek the help of a professional cannabis insurance agency for support throughout the application process.

Speak to MFE Insurance for more information about surety bonds for cannabis insurance and how you can apply for a policy. MFE's brokers are well versed in cannabis insurance for the industry, allowing them to provide customized insurance packages for clients. The firm can also assist with insurance for theater productions, film productions, nightclubs, restaurants and other entertainment events.

Specialized in: Insurance Company
URL: https://www.mfeinsurance.com
Print press release      Bookmark this page
Related Press releases 
FinAcc Global Introduced Financial Reporting Services for Manufacturing Industry (Popularity: ): Arlington,texas-- September 10, 2020 -- It has been an immense pleasure to announce that FinAcc Global is now offering financial reporting services for manufacturing industries. FinAcc Global presents accurate yet customized financial statements and reporting services that help manufacturers to make informed decisions. The company aims to prepare financial reports that help their clients expand their business growth with increased revenue. Moreover, they follow a distinct process while working on ...
FinAcc Global launches accounting services for telecommunication businesses. (Popularity: ): Arlington, Texas-- September 2, 2020 -- It has been an immense pleasure to proclaim that FinAcc Global, an accounting outsourcing company, launches specialized accounting services for telecommunication businesses. The outsourcing firm aims to deliver flexible and integrated finance accounting solutions that help the industry to overcome many challenges.FinACC Global presents comprehensive accounting services for the telecommunication industry with 100% data security and confidentiality. With the flexible engagement model and technology-enabled ...
Nelito Systems Ltd. appoints Mr. Sanjay Dube as the new Chief Executive Officer (Popularity: ): Navi Mumbai, July 08, 2020 – Nelito Systems Ltd. (Group Company of DTS Corporation, Japan), announced that Mr. Sanjay Dube has been appointed as the Chief Executive Officer.Mr. Sanjay Dube, prior to joining Nelito looked after the Fuel, Logistics and Land vertical for The Tata Power Company Limited. Prior to that, he looked after Strategy and Performance Analysis and before that, he looked after Treasury, Investor Relations and Corporate Finance, ...
CortiCare strengthens its management team by bringing on Aron Stern as CFO (Popularity: ): CARLSBAD, Calif. - January 14, 2020 -- CortiCare, Inc., a leading provider of technology and electroencephalographic (EEG) services to the hospital and physician office markets, today announced that Mr. Aron Stern has joined the company as its Chief Financial Officer. Stern will oversee the company’s finance team, as well as management of cash flow, financial planning, M&A activities, and profitability.“CortiCare has grown to a stage where more advanced financial management and ...
Adam Bergman – IRA Financial Group Partner – Highlights House Tax Plan & Impact on Real Estate Investors in New Podcast (Popularity: ): NEW YORK - November 17, 2017 -- Adam Bergman, a partner with the IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) plan solutions, announces the release of a new podcast that examines the new House tax bill and its impact on the individual, businesses, and retirement accounts. The main emphasis of the House's “Tax Cut and Jobs Act” is to lower taxes on companies in ...

Press release home snapshot 


Related Business 
Contractors Bonding and Insurance Company (Popularity: ): Specializes in surety coverages and niche property/casualty insurance products. Surety underwriting emphasis is on contract, license and permit, and miscellaneous bonds. The contract bond program focuses on standard underwriting for small contractors and infrequent users of surety credit.
UK Cannabis directory (Popularity: ): Cannabis Links offering wide range of cannabis seeds, plants and Marijuana seeds in London UK. You can buy best online cannabis seeds and plants from Cannaislinks. You can find best Cannabis, Marijuana and Pot seed seller in Cannabis Links.
Surety Support Services, Inc. (Popularity: ): At Surety Support Services, Inc., we provide surety-only services to insurance agents, brokers, contractors and all types of businesses – large and small – that have bond needs. We set ourselves apart from other bonds-only agents by working with new and specialty contractors and clients who are having financial difficulty. With more than 30 years of experience, our specialty is contract bonds consisting of Bid, Performance and Payment Bonds.
Marijuana Card | Marijuana License (Popularity: ): Marijuana medicals in USA had introduced medical marijuana with THC and cannabis components. Marijuana medicals in USA is a part of herbal therapy and cannabis has been used as a medicine by marijuana medicals in USA since a long time back, even to the time of 2737 BC.
Medical marijuana cannabis (Popularity: ): Medical Marijuana Cure is an organization dedicated to providing patients with the tools, information, and support they need to find a safe and legal supply of Medical Marijuana. We are prepared to help with every step of the process, from the paperwork to practical advice on all issues surrounding the production, possession and use of medical cannabis.About Us Marijuana is a miracle herb and those in need of it deserve ...
Sensi Star Marijuana Seeds (Popularity: ): Fancy Weed specialize in offering excellent marijuana/cannabis seeds and Seed Banks resources to help medical marijuana patients secure the seeds they need! Choosing which Marijuana Seed Bank to purchase cannabis seeds from can be a stressful proposition. That is why FancyWeed came into existence. FancyWeed is operated by a Medical Marijuana Patient that is considered by many to be a pro grower.
Cheap Marijuana Seeds (Popularity: ): The world’s largest selection of cheap marijuana seeds and cannabis paraphernalia! We are amongst the oldest cannabis seeds websites and have built up a reputation for service and value. When you buy feminized marijuana seeds with us, you can be sure you’ve made the right choice, and we have a price-match guarantee if you find our cheap cannabis seeds for a lower price anywhere on the web!
Automatic Seeds (Popularity: ): Autoflowering cannabis varieties are plants that grow for two or three weeks and begin to floral spontaneously, regardless of cycle times that are subject, even with more than 18 hours of light, continue florando. Read more about Feminized seeds, cannabis seeds, cannabis seeds, marijuana inside, marijuana cultivation, marijuana grow cabinets, sweet seeds, cultivation and grow cabinet shop.
Beach City Bonds (Popularity: ): National surety bond provider offering all types of Surety Bonds.
Grizzly Insurance Agency (Popularity: ): Request quotes online for sports and entertainment insurance and special events liability insurance. Also offers small commercial insurance packages and surety bonds.