The Arkansas Medical Marijuana Commission (MMC) has just released the bond forms for cultivation facility and dispensary applicants. The bond forms show the commission that prospective applicants demonstrate the financial worthiness to be able to operate a successful business in this industry.
We would like to thank the state for asking for suggestions from the Arkansas Cannabis Industry Association (ACIA) and industry professionals. Our very first seminar was conducted on all things surety bonds and the application process.
If you need a review or have any questions, feel free to reach out to Adam Grimmett, Vice-President of the ACIA.
A helpful bond application checklist for applicants:
- Surety Bond Application
- Personal Financial Statement for all owners
- Letters of Intent from outside investors (if applicable)
- Verification of liquid assets verified via bank or broker statements
- Business plan which provides comfort level for the Surety that the applicant is working with experts (résumés included)