In order to obtain a license in the state of Utah for a medical cannabis pharmacy, the applicant must provide a Utah Cannabis Pharmacy bond in the amount of $100,000. The bond guarantees the strict compliance with all applicable provisions of, and orders, rules and regulations issued pursuant to, Utah Code Title 26, Chapter 61a and Utah Administrative Code R380-400 through R380-411 by the bond principal. Applicants under the same ownership may submit license applications for multiple locations in the same region or in multiple regions but each location requires its own application and payment of a separate $2,500 application fee and a separate Utah cannabis pharmacy bond. The full name of the bond Medical Cannabis Pharmacy Performance Bond.
Utah Fee Schedule
Fees directly related to the medical cannabis pharmacy application and licensing include the following:
- Medical Cannabis Pharmacy Application Fee $2,500
- Medical Cannabis Pharmacy License Fee – Urban (Annual Fee) $67,000
- Medical Cannabis Pharmacy License Fee – Rural (Annual Fee) $50,000
- Medical Cannabis Home Delivery Pharmacy License Fee – Urban (Annual Fee)* $69,500
- Medical Cannabis Home Delivery Pharmacy License Fee – Rural (Annual Fee)* $52,500
*Licensees approved by the Department as a home delivery pharmacy must provide in-person service at
the facility AND they must provide home delivery service to cardholders. Payment of the home delivery
pharmacy licensing fee amount allows a pharmacy to provide in-person AND home delivery service.
How to apply for a Utah Cannabis Pharmacy bond
At surety1 we make it easy to apply for this, and all surety bonds. simply complete our easy to navigate, online application and within 1 business day one of our surety bond professionals will provide you with a firm quote or request more information on behalf of the underwriting company.
Surety1.com is a service of AssuredPartners, one of the largest and fastest growing insurance brokerages in the nation. Surety1.com is the premier, online provider of surety bonds since 2003 and maintains an A+ rating from the Better Business Bureau.