Ohio Marijuana Bond

How Does a Marijuana Surety Bond Work

There are always three sides to a surety guarantee: the principal (business owner), the obligee (government) and the surety. The surety’s role is to provide a financial guarantee to the obligee that the principal will duly fulfill his contractual obligations.

Bad Credit Surety Bond Program

With a bad credit you will likely have to pay a higher premium on your marijuana surety bond. This is so because bad credit signals greater financial instability. Therefore, the risk factor associated with such instability is calculated into the cost of the premium. An applicant with a bad credit will have to pay between 5%-15% of the total bond cost on their premium. But even if you have bad credit, it is still possible to get a marijuana surety bond. Lance Surety Bonds has long-standing experience in obtaining the best prices even to higher-risk applicants."

Get Your Marijuana Bond Today

Lance Surety Bond Associates has direct access to the best bond programs in the country. Through our well-developed network of partner surety bond companies, all of which are A-Rated and T-Listed, we can offer you the best price for your marijuana bond.

Want to know the amount of your marijuana surety bond premium? Apply online through our website to receive a quote free of charge! If you need more information or advice, you can also call us at (877)-514-5146 to speak to one of our licensed bond agents.