Per the Medicinal and Adult-Use Cannabis Regulations and Safety Act (MAUCRSA), the Bureau of Cannabis Control (BCC) is charged with licensing and regulating the following commercial cannabis businesses in the State of California:
- Retailers
- Distributors
- Microbusinesses
- Testing Laboratories
- Temporary Cannabis Events
Applicants are required to submit a $5,000 surety bond to the BCC as part of the licensing process. This surety bond covers the cost of destruction of cannabis or cannabis products if necessitated by a violation of the licensing requirements. Additional information on these licenses can be found on the BCC website.
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.