Extend Currency License For Free

BUSINESS CHECKLIST: Choose an Entity Type & Business Name. Register Your Business with the Secretary of State. Register a Fictitious Business Name (If Necessary) Obtain Required City and/or County License, Permit. Obtain a Seller's Permit and Cannabis Tax Permit from the. Obtain Required State License(s) DCC

?A business is an MSB and must register if it conducts more than $1,000 in business with one person in one or more transactions (in any category of activity listed below) on the same day in one or more of the following services: Money Orders. Traveler's Checks.

Obtain a Money Exchange License.Register With the Federal Government.Register With the Bank Secrecy Act Electronic Filing System.Create an Anti-Money Laundering Compliance Program.Report Currency Transactions.Report Suspicious Transactions.

In California, you'll pay $1,000 to apply for a dispensary license, and if approved, you'll pay a licensing fee between $4,000 and $120,000, depending on the estimated value of your operation. You'll also need to factor in real estate, which can cost between $50,000- $100,000 annually, as well as other startup costs.

Money transmitter laws and virtual currency As such, your business is subject to the U.S. Bank Secrecy Act (BSA) and must register for a money transmitter license. This applies in all states, except Montana.

Register With the Federal Government Before starting a currency exchange business, you must register with the U.S. Department of the Treasury's Financial Crimes Enforcement Network by filing FinCEN Form 107, Registration of Money Services business.

Out of all the different cannabis businesses, including manufacturing, distribution, cultivation and testing, finding the right property for your dispensary is by far the hardest. Due to all the restrictions, you might only have four places a month in the whole state where you can apply!