Details for cultivation performance and claim timing

The Commission's current forms directory selects separate cultivation-facility and dispensary performance bonds. The complete cultivation model identifies a $500,000 maximum, the approved facility and a one-year license effective period. It covers the stated revocation and compliance damages, including applicable nonrenewal duties. Match that actual approval rather than using a dispensary sum or assuming the bond protects the grower's crop.

The claims-made coverage period ordinarily continues thirty days after the license effective period expires. If the license is revoked, the stated coverage ends one year after revocation. The model separately requires the Commission's certified-mail statement, detailed damages and supporting records within thirty days of the event giving rise to a claim; failure to comply waives recovery of the untimely damages. Its court-action limit is one year after the coverage period expires. The longer period does not replace the shorter event-documentation deadline.

Before ABC initiates a revocation action, the model permits surety cancellation on ninety days' written notice to both the principal and Commission. It excludes the stated losses from surety cancellation, nonrenewal or inability to replace the bond. Additional one-year terms are evidenced by continuation certificates issued to the Commission. Coordinate the actual license and coverage dates instead of assuming renewal automatically creates a fresh limit or a new approval.

The model requires principal and surety execution and corporate seals. Keep the approved legal facility name, location, Commission record and any continuation certificate together for filing. A completed provider application cannot substitute for MMC approval or the facility's continuing operating duties.