NY 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 — the price you see is the checkout price — and the only credit step is a soft pull that never affects your score.
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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 entire 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
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 entire application.
Start the application →Common questions.
Other New York bonds.
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.