Under Palm Springs Municipal Code Sections 5.45.080(D) and 5.55.080(D), medical and/or adult-use cannabis operations are required to post a surety bond to the City of Palm Springs prior to the issuance of any cannabis permits. The surety bond acts as a guarantee that all taxes required by state or local law for selling, producing and warehousing are paid as they become due. If the principal fails to comply with the terms of the bond, a claim can be made to recover any unpaid taxes or fines.
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.