Not your usual tax headline
Ganjapreneur report
Full story after the jump.
Notably, the auctions last week marked the first time California law enforcement publicly auctioned off personal property that was seized from a cannabis business. Previously, officials had only auctioned off the commercial property recovered from similar seizures in Whittier and Compton, the report said.
“Seizing and auctioning property from cannabis businesses that evade the law is a tool to recover the taxes owed to the state.” — Nick Maduros, Director of the California Department of Tax and Fee Administration, via the LA Times
The items from each location were grouped into lots and if potential purchasers were interested in a specific item, they were required to bid on the entire lot.
