This type of licence is increasingly relevant as this region becomes a hub for e-currency operations. To obtain VASP licence in Argentina is essential for operating legally within Argentina’s growing crypto market, offering multiple benefits from regulatory support to potential tax incentives. Advantages of VASP Licence Demands for receiving this type of licence The submission…
The Swiss Financial Market Supervisory Authority (FINMA) is the cornerstone of economic regulation in Switzerland, a country known globally for its robust economic services sector. As an independent establishment, FINMA plays a critical role in maintaining the integrity, stability, and reputation of Switzerland’s economic markets. This article delves into the history, structure, functions, and significance…
Every business-company, no matter its size or industry, needs access to financial services to operate efficiently. Whether you are starting a new venture or expanding an existing one, creating a bank account is one of the first critical steps to ensure the smooth functioning of your company. However, in today’s rapidly evolving financial landscape, enterprise…
This region is increasingly becoming a prime location for monetary institutions searching to expand operations in the digital payments sector. One of the key legislation tools for such businesses is the AEMI licence. This licence empowers organisations to grant and conduct e-currencies, transforming the landscape of digital finance in this region. An AEMI licence in…
The Ready-Made company with AISP License holds an EU AISP (Account Information Service Provider) license issued by the Danish Financial Supervisory Authority, enabling it to provide account information services across the EU. EU Passporting: The license allows for passporting to all EU member states, providing extensive opportunities for expansion across Europe. Bank Account: The Company…
Overview EMI License in Georgia This company, licensed by the National Bank of Georgia since 2015, is a well-established provider in Georgia’s financial services market, known for a broad range of innovative payment solutions and extensive reach across the country. Key Services E-Money Issuing: Reliable electronic money issuance services. Multi-Currency E-Wallet & Account: Efficient fund…
Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
This is a new investment opportunity – FSP license in New Zealand for sale. Please check out the main details regarding this proposal below. FSP license in New Zealand: key considerations Financial Services Provider (FSP) for sale in New Zealand; Registered with Financial Service Providers Register in 2024; Authorizations (changing foreign currency, issuing or managing…
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+1 (888) 647 05 40After long term legislation changes nowadays 29 states in the USA allowed legal sale and use of cannabis for medical purposes and 9 for recreational.
A lot of states benefit from such permits. Their gross incomes have grown ($35 mln in Colorado state, for example). The Largest cannabis market nowadays is at California. It is already 8,5 billion worth. Nowadays it is the biggest agricultural market.
To get your part of revenue due to cannabis business there are some basics before running it you need to know.
Regulations differ from state to state. Various number of local regulations are also involved. Legal requirements may demand proof of funds or criminal record check.
Be attentive regulations always change so it is always more suitable to deal with specialists at chosen area. It is always easier to discover local regulations and then move to federal because the USA didn’t allow cannabis matters on federal level.
Different kinds of activities face different regulations. There are various list of activities that could be done with cannabis. Product manufacturing, retail sales, cultivation.
Cultivation: It is the most expensive at the beginning. It needs land, special knowledges, facing the requirements, proof of funds and expertise.
Retail sales: These type of activities is prohibited to be advertised on social media, thus all entrepreneurs work through their partners in other spheres through their recommendation. Retail is chosen for high profits with lower prior costs needed.
Hemp products manufacturing: Bags, coats, carpets etc. Even foods can be made but ofcourse they should face local requirements.
Those entities may change their taxation to S type or C type.
Some states require cannabis business to be registered as non-profit organizations. Be attentive.
Besides your name which should represent your business and stay away from other trademarks infringement.
There is also an opportunity to work change DBA (“doing business as”) name if you would like to change it for your esthetic purposes.
The industry is expensive. States with medical marijuana being legal, you may need to pay a $5,000 non-refundable application fee for starting the business.
Such fees are different from state to state. In Louisiana – $150, in New Jersey – $20,000.
There are a lot of opportunities to be financed by funds of investors, use crowdfunding etc.
Next step is about fitting in with legal requirements on accountancy, tax reports, used land zoning and obtaining permissions and licenses.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.