Illinois Cannabis Bond

Cannabis Bond

Illinois Cannabis Surety Bond

Illinois licensed medical marijuana businesses, cultivators and dispensing organizations, are required to post a surety bond for timely payment of sales tax revenues and guaranteeing lawful performance in the cultivation, manufacture, and dispensing of medical cannabis. Illinois Compassionate Use of Medical Cannabis Pilot Program Act (“Act”), 410 ILCS 130/1 et. seq, is mandated in order for marijuana dispensaries or other licensed entities to obtain their license to operate. Currently, these bonds are between $50,000 - $1,500,000.

Illinois Cannabis Bond
currently, these bonds are heavily underwritten. Applicant will need to have good credit, solid financials both business and personal.

Additional Information

Obtaining and maintaining a bond at Jane Bond Surety is simple.
Many bonds can be obtained in as little as an hour. Some take longer. Use the highlighted bullet points above to determine what you can expect when applying for this bond. Many (not all) bonds require a credit check. In many instances it simply depends on the actual bond one is applying for and the insurance company's experience in that category. Some bonds are considered low risk and some are considered higher risk. Bonds that do not require a credit check are usually instantly issued.

We, at Jane Bond Surety & Insurance, take your bond very seriously. We also consider the cost. We make every effort to obtain the quickest bond at the lowest rate. If at any juncture you have any questions call us at: 1-844-933-4455.

The Process

1.

Locate the bond needed.
If this is not the correct bond you can locate other bonds on our bond list here. You can also call us at 844-933-4455 for any assistance needed.

2.

Apply for your bond or policy.
You can locate a specific application by clicking this link. Once we have your application we hit the ground running to get you a quote.

3.

Quote via email.
Once we receive your app we will locate the best rate available to us. We will communicate that to you via email. The email will contain instructions on how to proceed.

4.

Moving forward.
When you decide to move forward we will provide you with options to pay the premium, receive the bond as well as shipping options. It's really that simple!