It does read like a Glass House PR statement but The Ventura County Star says adamantly ….. The company did not respond to questions for this report.
Here’s what they write
- Glass House alone generated $6.2 million in local tax revenue.
- Glass House reported $200 million in revenue in 2024, a 25% increase from the previous year.
- Marijuana growers pay taxes of 4% on their gross sales and 1% on nursery cultivation, which includes smaller plants intended to be sold to other growers.
Ventura County collected nearly $6.4 million from cannabis growers in the latest fiscal year, a more than 40% increase in the industry’s local tax revenue from a year earlier.
Nearly all of the revenue came from Glass House – the company operating a farm outside Camarillo raided by federal immigration agencies on July 10. Licensed by state and local agencies, Glass House has roughly 94 of the county’s 98 acres approved for cultivation locally.
The company, which also operates facilities in Santa Barbara County, is one of the largest cannabis growers in the state. Glass House paid $6.2 million in local tax revenue in the last fiscal year, which ended June 30, Ventura County officials said.
The company, one of the first licensed locally, moved into the former Houweling Nurseries at the location in 2021, paying roughly $93 million for the greenhouse facility with plans to transition vegetable crops to cannabis.
As of last fall, cannabis grew in half of the six greenhouses at Glass House’s local farm, officials said at the time. Tomatoes and cucumbers grew in the other three, but plans called for eventually converting all to cannabis.
The company did not respond to questions for this report.
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