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Home»Business & Industry»California Bong Auction Earns Just $2,075
Business & Industry

California Bong Auction Earns Just $2,075

February 27, 2024Updated:December 6, 2024No Comments2 Mins Read
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California officers stated {that a} current public sale geared toward recouping greater than $14.4 million in unpaid hashish trade taxes earned simply over $2,000, the North Bay Business Journal reviews.

The public sale was held February 16 within the California Freeway Patrol’s car parking zone in Los Angeles and officers reported having earned a scant $2,075 by the point the public sale wrapped.

The auctioned-off gadgets had been seized throughout regulation enforcement raids on ten “non-compliant” hashish corporations in southern California. Officers didn’t identify the ten corporations from which the merchandise had been seized however they famous that solely one of many corporations had been really licensed to retail hashish merchandise.

The public sale lined a wide range of gadgets together with glass bongs, workplace provides, and furnishings from a number of hashish retailers together with merchandising machines and a snowcone maker. 

It was the primary time the state resorted to promoting bongs and different private possessions seized from a tax-delinquent hashish firm however officers had beforehand auctioned off some industrial property recovered from related seizures. Funds from the public sale shall be utilized to the businesses’ appreciable tax money owed, the report stated.

Licensed hashish operators in California have a troublesome time discovering success within the trade between excessive charges, steep taxes, and rampant competitors from the unregulated market. The Unified Hashish Enforcement Taskforce in California stated not too long ago that the taskforce seized greater than $310 million value of illicit hashish — about 190,000 kilos — throughout its first operational 12 months.

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