CT marijuana facility construction bonds.
3% of the $2,000,000 bond.
When Connecticut licenses a medical marijuana producer, the Department of Consumer Protection requires $2,000,000 in financial security — an escrow account, a letter of credit, or this surety bond — payable to the State if the producer fails to timely and successfully complete construction of its production facility, under Regs. Conn. State Agencies § 21a-408-29. The premium is 3% of the bond amount — $60,000 on the $2,000,000 penal sum — and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
Even at a $2,000,000 penal sum, this bond is checkout-priced — no quote round-trip. Here is the entire process:
Apply online
Business details, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 3% of the bond amount — $60,000 on the $2,000,000 penal sum — and the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File with the Department of Consumer Protection
Your executed bond arrives by email, ready to file with the DCP as the financial-capability security your producer license requires. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Connecticut licenses medical marijuana producers through the Department of Consumer Protection under the Palliative Use of Marijuana Act (Conn. Gen. Stat. Chapter 420f). The producer regulations require each licensee to maintain $2,000,000 in financial security — an escrow account, a letter of credit, or a surety bond — and this bond is the surety route.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Connecticut (the obligee). The security is payable to the State if the commissioner determines, after a hearing, that the producer failed to timely and successfully complete construction of its production facility. Once the facility is fully constructed and capable of operating per your approved application, the regulations step the required security down — $500,000 per milestone met.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay continuously on file while the obligation runs; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Connecticut bonds.
Get your production facility bonded today.
3% of the bond amount — $60,000 on the $2,000,000 penal sum — issued the moment you pay, soft pull only. Free until issued.