Why is it hard to get a medical marijuana bond?

Kelly asked this on June 18, 2011 in Surety Bonds

SuretyBonds.com answered this on June 18, 2011

Medical marijuana bonds are a type of tax bond, so even though the bond amount isn't very much, surety providers guarantee the medical marijuana dispensary will pay all taxes as necessary. Due to the nature of the medical marijuana industry, some surety providers are hesitant to back such bonds at this time. Because SuretyBonds.com works with so many markets, we can write medical marijuana bonds for all applicants regardless of financial credentials.