About the Cannabis Bond Program

Surety One, Inc.

Surety One, Inc. places cannabis surety bonds and cannabis class fidelity coverage in every U.S. jurisdiction where commercial cannabis is permitted by law. The program was built deliberately, not opportunistically. Our underwriting philosophy is simple: cannabis is a legitimate, regulated, insurable industry, and the operators in it deserve a surety partner that treats them that way.

No applicant is automatically declined. Operators with damaged credit, limited credit history or unconventional finances go to our non-standard program. Operators with strong financials and clean histories get the same competitive treatment they would get in any commercial surety class. The same team that places your cannabis bonds supports adjacent needs: performance bonds for facility build outs, ERISA and fidelity coverage for employee benefit plans, and customs or freight broker bonds for logistics operations.

What the program writes

State license bonds for cultivators, processors, dispensaries, testing laboratories, distributors, delivery operators and microbusinesses, in every state listed in our state directory.
County and city bonds: permit, cultivation tax, sales tax and indemnity bonds required by local cannabis and marijuana ordinances.
Performance and reclamation bonds for limited license programs, from Oklahoma's grower bond to Florida's $5,000,000 treatment center bond. See integrated license bonds.
Hemp bonds for processors, commodity handlers and dealers, and county permitted growers. See hemp and CBD bonds.
Fidelity bonds that protect the operator against employee theft. See fidelity bonds for cannabis.

How we work

An application reaches an underwriter, not a call center. For bonds of $25,000 or less we usually quote and issue the same business day on the application alone. For larger or more heavily worded obligations we read the bond form first, because the wording drives the decision more than the dollar amount, and then ask only for the financial information that form requires. Bonds are issued on the paper of sureties admitted in the state that requires them. Every client receives a renewal notice 45 days before expiration, and a rider for a change of name, address or amount is normally turned around in a day.

C. Constantin Poindexter, MA, JD, CPCU, AFSB, ASLI, ARe, AINS, AIS, CPLP, CICS

C. Constantin Poindexter founded Surety One, Inc. and has underwritten surety and reinsurance for more than thirty years. He is a licensed attorney, holds the Chartered Property Casualty Underwriter designation together with the Institutes' surety, surplus lines, reinsurance and insurance services designations, and is the author of The Contractor's Guide to Surety Bonds.

For this program he earned the Cannabis Insurance Coverage Specialist (CICS) designation and completed each of the courses behind it. The designation was awarded by ALM PC360 Education on March 22, 2023, after six courses of The National Underwriter Company completed between December 2021 and January 2023. The certificates are reproduced below. Select any of them to open the full document.