Pot Ring Busted With 50 Grow Homes
Bay Area criminals indicted for mortgage fraud, marijuana cultivation in the Central Valley
By JACKSON WEST
Updated 3:15 PM PST, Fri, Oct 23, 2009
While there have been no shortage of pot busts in San Francisco's Sunset neighborhood of late, federal prosecutors allege that a criminal syndicate went looking for real-estate bargains in the Central Valley.
The operation is estimated to have been able to produce an estimated $96 million in marijuana a year.
Each house was fitted with hydroponic growing tools, and the suspects allegedly stole electricity, too.
Yet another sign of the possible unintended benefits of legalization -- fewer residents converted into illegal pot farms means more housing stock and lower prices for homes!
Jackson West wonders if the defendants were inspired by Showtime's series Weeds.
Copyright NBC Local Media
First Published: Oct 23, 2009 2:43 PM PST
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