Pot Ring Busted With 50 Grow Homes
Bay Area criminals indicted for mortgage fraud, marijuana cultivation in the Central Valley
Houseplants are nice, but try fitting 24,500 in 50 houses.
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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.
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