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HB10-1282 Page 16

12-43.3-304. Medical marijuana license bond. (1) BEFORE THE
STATE LICENSING AUTHORITY ISSUES A STATE LICENSE TO AN APPLICANT,
THE APPLICANT SHALL PROCURE AND FILE WITH THE STATE LICENSING
AUTHORITY EVIDENCE OF A GOOD AND SUFFICIENT BOND IN THE AMOUNT OF
FIVE THOUSAND DOLLARS WITH CORPORATE SURETY THEREON DULY
LICENSED TO DO BUSINESS WITH THE STATE, APPROVED AS TO FORM BY THE
ATTORNEY GENERAL OF THE STATE, AND CONDITIONED THAT THE APPLICANT
SHALL REPORT AND PAY ALL SALES AND USE TAXES DUE TO THE STATE, OR
FOR WHICH THE STATE IS THE COLLECTOR OR COLLECTING AGENT, IN A
TIMELY MANNER, AS PROVIDED IN LAW.
michaelnights Reviewed by michaelnights on . Colorado licensing bond not required until 2011 Please spread the word to dispensaries and bakeries that the medical marijuana licensing bond is not required until July 2011. If you click below, you can see the email directly from Matt Cook at the Department of Revenue. Thanks Medical marijuana licensing bond not required until 2011 Rating: 5