Tribune: Follow-up on cannabis auction: If at first you don’t succeed, don’t try again

In case you couldn’t make it to the CDTFA’s first public auction featuring property seized during cannabis enforcement actions  (see “Make sure to set a repeated reminder about this upcoming event” in the February 11, 2024, issue of Tribune), here’s an update.

The good news for the CDTFA is that everything was sold – success! This included items like televisions, money-counting machines, paper shredders, and a snow cone machine.  All proceeds will be applied to the $14.4+ million in unpaid taxes from 10 Los Angeles-based cannabis operations.

The bad news is that the auction yielded a stupefying $2,075 (there are no missing digits between the dollar sign and the 2). What?! That means each of the cannabis operations gets a credit of only about $200.

Overall result: $14.4+ million in unpaid taxes.