Florida Medical Marijuana Surety Bond

Operating a medical marijuana treatment center (MMTC) in Florida comes with its unique set of responsibilities and regulations. Among these requirements, the Florida Medical Marijuana Surety Bond stands out as an essential component. At Artisan Insurance Inc., we specialize in providing MMTCs with the surety bonds they need for full regulatory compliance. 

The required bond amount for a Florida Medical Marijuana Treatment Center (MMTC) varies depending on several factors, including the number of locations and the type of license. As of my last knowledge update in September 2021, the bond amounts were as follows:

  1. Dispensing Organization License (Single Location): $5 million bond or letter of credit.

  2. Dispensing Organization License (Multiple Locations): $2 million for the first location plus an additional $1 million for each additional location, up to a maximum of $10 million.

  3. Medical Marijuana Testing Laboratory License: $2 million bond or letter of credit.

Please note that these bond amounts are subject to change, and it’s essential to verify the current requirements with the Florida Department of Health or consult with a surety bond provider or legal expert who specializes in the medical marijuana industry in Florida.

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