Ohio — Medical Marijuana Dispensary License - LEXINGTON Bond
Match this medical-dispensary listing to the Ohio Division of Cannabis Control's current financial-responsibility request. Rule 1301:18-3-08 specifies $50,000 for dispensary bond or escrow security, alongside required liability coverage. The LEXINGTON wording is the existing catalog label, not evidence of a separate license category or approval of the form.
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- Recorded state
- Ohio
- Bond type
- Cannabis / Marijuana Bond
- Category
- Business operations & taxes
What this bond does
Provide the dispensary's required operating security under the Division's financial-responsibility rule. Confirm the actual license, certificate-of-operation request and accepted undertaking before applying.
- Who needs it
- Ohio medical marijuana dispensary licensees preparing financial-responsibility evidence before certificate-of-operation issuance or renewal. Use the exact Division-issued business name and license number and match the actual medical-dispensary request.
- Who it protects
- The rule provides that financial responsibility may be payable to the Division if a licensee fails chapter mandates. A qualifying Ohio-licensed corporate surety must name the licensee as principal and include its business name and Division license number. It is not general protection for every patient or commercial counterparty.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Current Ohio Rule 1301:18-3-08: Financial Responsibility (opens in a new tab)Checked October 27, 2026
Have these ready
- Provide the exact legal medical-dispensary licensee and Division license number.
- Match the actual certificate-of-operation issuance or renewal request.
- Confirm the accepted $50,000 undertaking or the Division's actual approved change.
- Coordinate the separately required products-liability insurance evidence.
- Obtain required cancellation/replacement direction and match dates and execution.
Questions about this bond
Does LEXINGTON establish a separate license class?
It is the label used by this catalog option. Match the actual Ohio medical-dispensary license and current Division undertaking; the label alone does not establish form acceptance, eligibility or additional operating authority.
Can the surety cancel by notifying me?
The current rule requires the bond to preclude cancellation without the Division's prior written authorization. Required replacement evidence must be submitted by the effective cancellation date. Confirm the actual Division direction rather than relying on notice to the applicant alone.
What follows Purchase Now?
Propeller's Ohio medical-dispensary LEXINGTON application opens in a new tab. Match the actual licensee, business name and license number, Division-accepted condition, required sum, dates and execution, including any approved reduction. Submit the required evidence to the Division; provider payment does not issue or renew the certificate of operation or authorize cancellation.