A large marijuana grow disguised as a furniture store has been discovered in Gilroy, CA. Although 'Gilroy Furniture and More' had window signs reading "All Display Inventory Must Sell" and "No Reasonable Offers Refused", the furniture was little more than a front for the cultivation facility hidden inside. In actuality, the store was never really open to the public.
The Oregon bank that tried to court Colorado cannabis industry funds has decided that it bit off more than it can chew. After only a week, MBank is closing all of its marijuana accounts. The bank is publicly stating that it does not have the infrastructure to handle the overwhelming response for service. According to state licensing data, there are almost 2,200 marijuana grow, manufacturing, and retail businesses in Colorado. MBank took on exactly five of these before they tapped out.
President Obama said in a YouTube interview Thursday that he predicts more and more states will legalize recreational marijuana. While this was by no means an expressed endorsement for legalization, the president did cite his administration’s stance of non-interference with states that legalize as a reason for the movement’s increased success.
All it took was not using the proper turn signal. Now Chicago resident James Hargrett, 37, is in a heap of trouble, and Chicago police ran into a 386-pound bust. Chicago police are touting this as a million-dollar seizure. However, this number is debatable. The marijuana was of very low grade, and you would probably be lucky to get $500 per pound, which would make the net worth of the haul just under $200,000.