ICE raid at major pot operation clouds picture for legal cannabis in California
Camarillo — Ever since federal immigration agents raided one of the largest licensed cannabis operators in the state this month, the phones of cannabis industry insiders have been blazing with messages of fear, sadness and confusion.
“It sent shock waves through the community,” said Hirsh Jain, the founder of Ananda Strategy, which advises cannabis businesses. “Everyone is on text threads.”
Glass House Brands, whose cannabis operations have helped make Santa Barbara and Ventura counties the new cannabis capitals of California, has long been among the most prominent companies in the state’s wild frontier of legal cannabis. Some call it the “Walmart of Weed” for its streamlined, low-cost production methods, its gargantuan market share and its phalanx of wealthy investors and powerful lobbyists.
