yes... to buy wholesale and to sell retail. FFL required
just look.... you don't need a license
ou don't need a license to deal ammunition
(A4) What kinds of ammunition are covered by the GCA? [Back]
Ammunition includes cartridge cases, primers, bullets or propellant powder designed for use in any firearm other than an antique firearm.
Items NOT covered include blank ammunition, tear gas ammunition, pellets and nonmetallic shotgun hulls without primers.
Generally, no records are required for ammunition transactions. However, information about the disposition of armor piercing ammunition is required to be entered into a record by importers, manufacturers, and collectors.
A license is not required for dealers in ammunition only.
[18 U.S.C. 921(a)(17) and 922(b)(5), 27 CFR 478.11 and 478.125]
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As far as the Feds, no. HOWEVER- if you plan to load ammo that you will sell, you must be licensed either as a manufacturer of firearms, OR as a manufacturer of ammunition. If you are selling ammo loaded by someone else, no. See [27 CFR 178.41]