Samantha Moore

(623) 251-6705

Colorado Retail Marijuana Tax Bond

What is a Marijuana Tax bond?

These tax bonds are required by the Colorado Department of Revenue. This bond must be obtained in order for an applicant to be granted a license to operate a cultivation facility and/or retail dispensary. The purpose of the bond is to provide protection for the state against any loss suffered. They are to ensure the principal pays all taxes, penalties and interest due to the State of Colorado. If the taxes and fees are left unpaid this bond is provides the state with recourse and protection and the ability to recoup these fees due from the principal in the event that they are not paid.

Bond Amount

The bond amount for this particular type of bond can vary and is calculated by estimating 2 months worth of retail facilities sales tax liabilities. These tax liabilities are based on 2 months retail sales, multiplied by the average market rate, then multiplied by the 15% tax rate set by the state and then doubled. In most cases, we find that the bond is usually equal to about $5,000.00, but that is not a set rate, just the standard we have found so far and can change based on changes made by the State of Colorado. For more specific information on this calculation breakdown, please visit the Colorado Department of Revenue, Division of Taxation website at:

How Much does the Bond Cost?

The cost of the Bond can vary from each individual applicant and the applicant's information. The rate is determined by underwriting the company's financial strength, as well as any and all owner's personal financials and personal credit. Owners who have 10% or more ownership in the business are taken into consideration in the underwriting process. However, we do not necessarily need the owner's personal financial statement to get a quote for this particular bond, but with the personal financial we generally are able to obtain better rates. We then provide the information to all our markets who will write these bond types, which helps to ensure we have obtained the lowest rate possible. The rates are calculated on an annual basis and can range from 5% to 20%. Generally the more information provided and the better the credit and financial support of the applicant, then the lower the rate is that we can obtain.

Obtaining a Marijuana Retail Tax Bond?

The process to obtain this bond is really very simple. To obtain this bond, we just need a completed application on each owner with 10% or more ownership in the business. You can complete one of our applications, or if you have one you already have done with someone else, you can always send that to us and we can use that too. And again, providing a personal financial statement on each owner helps us to obtain the lowest rates possible, but is not a necessity. You can contact me direct for these forms, via my information listed in this website, either by phone, fax or email. Once this information is obtained we can get you a quote usually within 24 hours. Please contact me for an application to get started or if you have any questions regarding bonds.

By: Samantha Moore

I provide quotes to my clients for all types of Surety Bonds. I provide competitive quotes in all 50 states. Feel free to contact me to get your bond request moving forward. Complete the contact form on the page to send me an email or call me at (623) 251-6705.

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SuretyBonds.Biz is a website for Viking Bond Service, Inc. producers to provide information about frequently requested surety bonds in their words. Viking producers specialize in surety bonds of all types. Since bonds are the sole product provided by Viking, the producers are an excellent resource for information and assistance.