New York medical cannabis retail bonds.
$80,000 flat.
New York's Cannabis Law lets a registered organization applicant post a $2,000,000 surety bond as the statutory alternative to demonstrating that it owns or controls the real property, buildings and equipment its application requires. The premium is $80,000 flat.
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How much does a New York medical cannabis retail bond cost?
$80,000 at the $2,000,000 amount, the same for every applicant.
Three steps. One sitting.
Even at this bond amount, the process is a single online pass — application, payment, executed bond. Here is the entire sequence:
Apply online
Entity details, ownership information, and an effective date — that is the application. The credit step is a soft pull only; it never affects your score.
Pay & e-sign
This bond is checkout-priced at $80,000 flat, so it issues the moment you pay — no quote round-trip, no waiting on a rate.
File with your registration
Your executed bond and power of attorney arrive by email, ready to file with your registered-organization application to the Office of Cannabis Management. Wet-ink original mailed on request.
What it is and who needs it.
What the $2,000,000 bond actually does
New York registers registered organizations — the licensees that manufacture and dispense medical cannabis at retail dispensing facilities — through the Cannabis Control Board and the Office of Cannabis Management. Under Cannabis Law § 35, an applicant must show it possesses or has the right to use sufficient real property, buildings, and equipment to carry out its application — or, in the alternative, post a bond of not less than $2,000,000.
It's a three-party arrangement: your organization (the principal), the surety carrier, and the State of New York (the obligee). The bond stands behind the commitments in your registration — if the state suffers a covered loss because the organization fails to meet them, it can recover against the bond up to the $2,000,000 penal sum.
It is not insurance for you — if the surety pays a claim, you repay the surety. Registrations run on a two-year cycle with renewal filings due months before expiration, so the bond has to stay continuously in force; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $2,000,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your registration. Your executed bond and power of attorney arrive by email, ready to file with your registered-organization application to the Office of Cannabis Management. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $80,000 at the $2,000,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — entity details, ownership, and a soft-pull credit consent that never results in a hard inquiry. That is the application.
Start the application →Common questions.
Other New York bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Secure your registered-organization filing today.
$80,000 flat for the $2,000,000 bond, issued the moment you pay. Soft pull only — never a hard inquiry. Free until issued.