Colorado Has Added Retail (Recreational Use) Marijuana Licenses to Its Medical Marijuana Dispensary Regulations with Both Requiring New Surety Bonds
Denver, CO (PRWEB) November 14, 2013 -- The Marijuana Enforcement Division (MED) is responsible for the regulation of both the Medical and Retail Marijuana industries, each of which have separate and distinct statute and rules under which they operate. Both industries were legalized by popular vote supporting an Amendment to the Colorado Constitution allowing the use of marijuana within the confines of the State of Colorado.
In order to participate in either industry you must first submit an application for a MED Business License specific to the industry within which you wish to operate. Under current statute*, only those individuals that own a Medical Marijuana facility in Good Standing may submit an application for a Retail Marijuana Business License - this requirement will sunset on July 1, 2014.
To operate a Medical Marijuana Dispensary you were required to maintain two (2) Five Thousand Dollar Medical Marijuana license bonds, one for the state and one for the city/county of Denver. The new retail regulations call for two more bonds. The state requires a $5000 Retail Marijuana license bond and Denver requires a $20,000 Retail Marijuana license bond.
South Coast Surety has made it a lot easier to get any and all of the bonds you need to operate a Marijuana Dispensary. Now you can apply on line using their new easy form at http://southcoastsurety.com/CO_Marijuana_Bond_On_Line_App.htm.
South Coast Surety has established great rates on these bonds for good credit and good solutions for those with credit challenges. Their easy on-line application will handle all credit profiles for any and all of the Marijuana license bonds.
South Coast Surety has been under current management for two decades. It is a name that has helped start many contractors with construction surety bond support, as well as provided a variety commercial and miscellaneous surety bonds for all businesses with surety needs. The Staff at South Coast Surety are specialists in a large variety of surety bond types.
The firm has grown to encompass All States Nationwide and Surety Bond Specialties. They are now among the largest commercial and contract bond surety producing agencies in the U.S.
For more information about South Coast Surety, please visit http://southcoastsurety.com.
To learn more about the services which are provided, visit http://southcoastsurety.com/surety-bond-services.htm.
To contact South Coast Surety, visit http://southcoastsurety.com/contact-sc-surety.htm.
Steven Swartz, South Coast Surety, http://southcoastsurety.com, +1 (800) 361-1720, [email protected]
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