Not in Utah? Browse bonds by state

Utah medical cannabis pharmacy bonds.
From $2,000.

Utah conditions a medical cannabis pharmacy license on a $100,000 performance bond from a surety authorized to transact surety business in the state, filed with the Department of Agriculture and Food under Utah Code 4-41a-1001(2)(b)(iii). Pricing is 2% of the bond amount.

✓
Required for a Utah medical cannabis pharmacy license under Utah Code 4-41a-1001(2)(b)(iii)
✓
$100,000 per application — filed with the Department of Agriculture and Food
✓
2% of the bond amount — exact price at the application, issued the moment you pay
2% rate$2,000 at the $100,000 minimumInstantissuance at checkoutSoft pull onlynever a hard inquiry
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
Price

How much does a Utah medical cannabis pharmacy bond cost?

2% of the bond amount, from $2,000 at the $100,000 minimum. Enter your amount in the calculator for the exact price.

How it works

Three steps. One sitting.

No underwriting queue for the pharmacy performance bond — enter your amount, pay, and file with the Department. Here is the whole thing:

NOW · ONLINE

Apply online

Business details, the bond amount your license requires, an effective date, and a term. One soft credit pull, never a hard inquiry, and it never affects your score.

INSTANTLY

Pay & e-sign

The premium is 2% of the bond amount — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.

SAME DAY

File with the Department

Your executed bond arrives by email, ready to submit with your medical cannabis pharmacy application to the Utah Department of Agriculture and Food. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the pharmacy bond actually guarantees

Utah licenses medical cannabis pharmacies under the Utah Agricultural Code, Title 4, Chapter 41a. Since H.B. 72 moved pharmacy and courier oversight from the Department of Health and Human Services on July 1, 2023, the licensing agency is the Utah Department of Agriculture and Food, working with the licensing advisory board created under Section 4-41a-201.1.

An applicant must obtain and maintain a performance bond in the amount of $100,000, issued by a surety authorized to transact surety business in the state, for each application submitted to the Department. The Department may not issue the license until the selected applicant has the bond in place — so the bond is a gating item, not a post-award formality.

It is a three-party arrangement: you (the principal), the surety carrier, and the State of Utah (the obligee). The bond stands behind your compliance with the chapter and the rules made under it — and it is not insurance for you. If the surety pays, you repay the surety. The bond has to stay continuously in force for as long as you hold the license; we track the term and send renewal notices 60 and 30 days out.

Utah Code 4-41a-1001(2)(b)(iii)Section 4-41a-1001 of the Utah Agricultural Code sets the eligibility requirements for a medical cannabis pharmacy license. Subsection (2)(b)(iii) requires the applicant to obtain and maintain a performance bond in the amount of $100,000, issued by a surety authorized to transact surety business in the state, for each application submitted to the Department — and the Department may not issue a license until the bond is obtained. Confirm the amount on your application packet before you buy.

You need this bond if you're

✓
Applying for a Utah medical cannabis pharmacy license in an open application round
✓
Submitting more than one application — the $100,000 applies to each application submitted
✓
Renewing an existing pharmacy license whose bond is expiring
✓
Changing ownership or entity and re-posting the bond in the new name
After you buy

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 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.

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 the Department. Your executed bond arrives by email, ready to submit with your medical cannabis pharmacy application to the Utah Department of Agriculture and Food. Wet-ink original mailed on request.

What sets the price

The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not 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 — business details, the bond amount your license requires, an effective date, and a term. That is the application.

Start the application →
FAQ

Common questions.

How much is the Utah medical cannabis pharmacy bond?The premium is 2% of the bond amount. The bond amount itself starts at the statutory $100,000 per application, so enter that figure (or the amount your packet names) and your exact price appears at the application, before you pay.
Do I pay the $100,000?No. You pay the premium — 2% of the bond amount. The $100,000 is the surety's maximum liability if a valid claim is made against the bond. It is not a deposit, and nobody holds your money.
How fast will I have the bond?This bond is priced at checkout, so it issues the moment you pay — your e-signed bond and power of attorney arrive by email, ready to file with your pharmacy application.
Is there a credit check?Yes: one soft credit pull, never a hard inquiry, and it never affects your score. The 2% rate stays the same either way.
Who requires the bond, and where do I file it?The Utah Department of Agriculture and Food, which has licensed medical cannabis pharmacies since July 1, 2023. The executed bond is submitted with your license application, and it must stay in force for as long as you hold the license.
Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
Related bonds

Other Utah bonds.

Price and requirements checked on the carrier’s application, . Page updated .

Pharmacy performance bond, issued today.

2% of the bond amount, issued the moment you pay. Soft pull only, and free until issued.

Your premiumfrom $2,000
Apply now →