Merchandise such as bongs, electronics, and furniture confiscated during a tax-related search warrant at cannabis retailers will be available for auction this Friday, following actions by California state authorities.
The search warrants targeted ten cannabis establishments based in Los Angeles, collectively responsible for unpaid taxes amounting to over $14.4 million.
Nine of these businesses were found to be operating without proper authorization, while one was a legally sanctioned dispensary.
California’s First CDTFA Cannabis Auction
This marks the inaugural occasion where the California Department of Tax and Fee Administration (CDTFA) will conduct an auction for personal property seized during cannabis enforcement operations.
Proceeds from the auction will be allocated towards settling the outstanding tax liabilities of the ten implicated businesses, as stated in a press release.
Among the items set for auction are three glass bongs, one monitor, five televisions, one speaker, one ladder, two sandwich boards, one projector, six crowd control poles, one snow cone machine, two cameras, one raffle wheel, and a minimum of two shelves.
According to the report, prospective buyers cannot purchase individual items from the collection, which includes an air purifier, soundboard, refrigerator, La-Z-Boy chair, portable air conditioner, framed art, and high-end sound equipment.
Instead, bidders must acquire the entire collection as a whole.
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Items Sold As-Is: Highest Bidder Wins
The items will be sold in their current condition and will be awarded to the highest bidder. State authorities did not disclose the starting bid for the auction.
Purchased items must be retrieved on Friday and payment can be made with cash, money order, or cashier’s checks, as indicated in a press release.
The auction will take place at a California Highway Patrol (CHP) parking lot located at 777 W. Washington Blvd. in Los Angeles. A preview of the auction items and registration for bidding will commence at 9 a.m., with the bidding itself scheduled to start at 10 a.m.
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