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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCalifornia hoped to recoup millions in a bong auction. It made $2,075.
https://www.sfgate.com/cannabis/article/california-auction-cannabis-operations-18689671.phpCalifornia hoped to recoup millions in a bong auction. It made $2,075.
All thanks to the state of California, stoners throughout Los Angeles had the unique opportunity to upgrade their rigs at a discount.
After 10 unnamed cannabis businesses collectively owed California more than $14 million in unpaid taxes, the state seized their fixtures and sold them at a public auction on Feb. 16, the states Department of Tax and Fee Administration said in a Feb. 8 news release. The CDTFA appears to have miserably failed to recoup its losses: After hocking glass bongs, snow cone machines and assorted office supplies in the California Highway Patrols parking lot in Los Angeles that day, the state made a meager $2,075, the North Bay Business Journal reported.
According to the CDTFA, nine out of 10 of these businesses operated illegally, and its not the first time the agency has pawned off seized property from clandestine cannabis operations in Southern California.
In March 2022, the same department auctioned off a commercial property in Whittier that was used for an illegal cannabis operation, another CDTFA news release showed. Though operators owed the state $850,000 in unpaid taxes in that sale, the department hoped to recoup around $200,000 from the sale. Earlier that month, another seized property in Compton sold for about that same amount. The agency has conducted more than 2,200 inspections statewide and seized nearly $90 million in products and cash thus far, according to the CDTFAs website.
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California hoped to recoup millions in a bong auction. It made $2,075. (Original Post)
Demovictory9
Feb 2024
OP
Even stoner's are smart enough to stay away from a CHIP parking out. Predictable outcome.
OAITW r.2.0
Feb 2024
#2
John1956PA
(3,271 posts)1. The department's hope for a big payday went up in smoke. n/t
OAITW r.2.0
(27,948 posts)2. Even stoner's are smart enough to stay away from a CHIP parking out. Predictable outcome.
Demovictory9
(33,465 posts)3. Lol..yeah..risky to buy bongs in cop parking lot
RubyRose
(223 posts)4. I've heard of selling for pennies on the dollar
but this is ridiculous.