Local Commercial Medicinal Cannabis Permit ($5,000) - LEX Bond - Nevada County, CA in California

Brief Summary

Nevada County will not accept a commercial cannabis Administrative Development Permit application without proof of $5,000 in security the county can draw on. A bond covers that line item for a premium, so the $5,000 stays in your operation instead of sitting in a certificate of deposit.

Nevada County Code section 12.03.300 requires every applicant for a commercial cannabis Administrative Development Permit (ADP) to provide proof of a certificate of deposit or bond in the amount of $5,000, approved by the Enforcing Officer and accessible by the County of Nevada. The amount is a single flat figure. Applications go to the Nevada County Planning Department.

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How to Apply for a Local Commercial Medicinal Cannabis Permit ($5,000) - LEX Bond:

• Confirm with the Nevada County Planning Department that a surety bond is acceptable and get any required bond wording or form.
• Have the applicant's legal name exactly as it appears on the ADP application.
• Complete the bond application with owner information for the credit review.
• Pay the premium and receive the executed $5,000 bond.
• Submit proof of the bond with the ADP application packet to the Planning Department.

Detailed Information About the California Local Commercial Medicinal Cannabis Permit ($5,000) - LEX Bond:

A two step permit, and the bond comes with step one

Commercial cannabis activity in unincorporated Nevada County takes two permits under County Code 12.03.300. First comes the Administrative Development Permit (ADP), then the Annual Cannabis Permit (ACP). The $5,000 security is listed among the items that must be submitted with the ADP application, at subsection G.1.b.xxi. If an ACP is not obtained within six months of ADP issuance, or the ACP is revoked or denied renewal, the county may move to revoke the ADP. The ACP renews every year.

What the code says

The applicant must provide proof of purchase of a certificate of deposit or bond in the amount of $5,000, approved by the Enforcing Officer, which may be accessed by the County of Nevada. The amount does not change with canopy size or license type. The county is the party protected, and it can draw on the security if the operator leaves obligations under the permit unmet.

Before you buy

The code language refers to a certificate of deposit or bond from a commercial banking institution approved by the Enforcing Officer. Confirm with the Planning Department that a surety bond is acceptable for your application, how the County of Nevada should be named, and whether the county has a form it wants used. Then have the bond issued to match.

Where to file

New ADPs, ADP amendments and resubmittals go to the Nevada County Planning Department at 950 Maidu Avenue in Nevada City, 530-265-1222 option 2, along with the rest of the ADP packet.

Eligibility and Requirements for a California Local Commercial Medicinal Cannabis Permit ($5,000) - LEX Bond:

• Bond amount of $5,000 under Nevada County Code 12.03.300 G.1.b.xxi.
• County of Nevada able to access the security, as the code requires.
• Approval of the security by the county's Enforcing Officer.
• Applicant name matching the ADP application exactly.
• An Annual Cannabis Permit obtained within six months of ADP issuance and renewed each year.

California Local Commercial Medicinal Cannabis Permit ($5,000) - LEX Bond FAQs:

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