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Home»Business & Industry»California Officials Selling Seized Bongs to Cover Unpaid Cannabis Taxes
Business & Industry

California Officials Selling Seized Bongs to Cover Unpaid Cannabis Taxes

February 20, 2024Updated:December 6, 2024No Comments2 Mins Read
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California police and tax assortment officers lately bought at public sale private property seized throughout legislation enforcement raids on unlicensed and tax-delinquent hashish dispensaries. First reported by the LA Times, the auctions seized included objects comparable to glass bongs and pipes, furnishings, and electronics typical to fashionable dispensaries.

The merchandise have been initially seized whereas executing search warrants towards a number of Los Angeles-based hashish dispensaries. Of the ten retailers raided, just one was really licensed by the state, and collectively, the companies reportedly owed greater than $14.4 million in unpaid taxes.

Notably, the auctions final week marked the primary time California legislation enforcement publicly auctioned off private property that was seized from a hashish enterprise. Beforehand, officers had solely auctioned off the business property recovered from comparable seizures in Whittier and Compton, the report mentioned.

“Seizing and auctioning property from hashish companies that evade the legislation is a software to get well the taxes owed to the state.” — Nick Maduros, Director of the California Division of Tax and Charge Administration, through the LA Instances

The objects from every location have been grouped into tons and if potential purchasers have been focused on a selected merchandise, they have been required to bid on all the lot.

The property seizures marked the newest hashish business enforcement motion for a state that has lengthy sought to curb the unregulated business. The Unified Hashish Enforcement Taskforce in California mentioned in January that the taskforce had seized about 190,000 kilos of illicit hashish — valued at almost $312 million — throughout its first calendar 12 months of operation.

Moreover, a Humboldt County hashish cultivator agreed earlier this month to pay $750,000 to the state over environmental violations, promising to additionally take restorative measures as a part of the court-approved settlement.

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Bongs California cannabis cannabis industry COVER Cultivation Investments marijuana business market growth Officials Regulations Seized selling Taxes Unpaid
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Previous ArticleMissouri’s Marijuana Market Tallied More Than $1.4 Billion During First Full Year Of Adult-Use Sales
Next Article Ohio Gov. Pressing Lawmakers to Allow Adult-Use Cannabis Sales

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