Discover the $2 Stock That Has Institutional Attention

With a $1.3B market cap and forecasts to grow 2X faster than the sector, dozens of investment banks are betting big. Strong leadership, cash on hand, and a $3 target make it a must-see.

California's 'Operation Sticky Fingers' Nails Two Dozen Dispensary Thieves After $1M In Weed Stolen

Patricio Liddle
August 30, 2024

In a string of nighttime raids, California authorities busted a sophisticated burglary ring in an operation they’re calling ‘Operation Sticky Fingers’ that targeted numerous cannabis dispensaries across California, culminating in the arrest of nearly two dozen individuals. California Attorney General Rob Bonta announced Thursday that the group is accused of stealing approximately 1,000 pounds of cannabis products—ranging from edibles to plants valued at close to $1 million.

Bonta Pledges Crackdown On Organized Crime

Bonta says these were not simple shoplifting incidents but rather “coordinated schemes, organized efforts that hurt our businesses and pose a threat to our communities.” The Los Angeles Times reported that the thefts, which spanned across nine counties including Monterey and San Diego, involved more than a dozen dispensaries and stretched from last summer into July of this year.

  • Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you're serious about the business, you can't afford to miss out.

“This announcement sends a clear message to would-be thieves: Organized retail crime will not be tolerated in California because it costs businesses, retailers and consumers. I want to thank our law enforcement partners for their work in apprehending these suspects and for our continued collaborative efforts to end crime in our state. With these charges, we're moving forward to hold these defendants responsible for their crimes,” said Bonta in a press release.

Charges Levied Against Burglary Ring

Most of the arrested suspects face severe charges including organized retail crime, commercial burglary, conspiracy and grand theft. Despite some suspects being released on bail, the case marks a major crackdown on cannabis-related retail crime in the state.

Frederick Shavies, deputy chief of the Oakland Police Bureau of Investigations said the initial probe began in February following several incidents at dispensaries and cultivation sites. It soon became apparent that the suspects, connected to Oakland street gangs, had targeted a range of weed businesses throughout California.

"This operation [Sticky Fingers] not only made the city of Oakland safe, but it made the entire state safe,” said Shavies, according to the Los Angeles Times.

Bonta’s Statewide Efforts Against Illegal Cannabis

Notably, this operation is one of several initiated as part of Bonta’s efforts to combat illegal cannabis activities. Previous operations include a crackdown on an illegal grow operation at a private golf club and the destruction of $15 million worth of illicit marijuana by the state’s Unified Enforcement Task Force.

Image courtesy of the State of California Department of Justice, Office of the Attorney General.

Read Next:

  • Burglary Call Leads NYPD To $5M Illegal Cannabis Operation Bust In Queens
Popular

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

Imminent FDA Decision Could End Obesity in America... - Ad

...and spark a 224,000% sales surge for one tiny micro-cap stock. Channelnomics says it "Could have a greater impact on the world than artificial intelligence." BMO Capital calls it "A goldmine for investors." The Wall Street Journal says it's "A Gold rush."

NBA Legend Shaq Shows Off His New Widebody Carbon Fiber Tesla Cybertruck: Elon Musk Has A One Word Reaction

NBA legend Shaquille O'Neal, also known as Shaq, showed off his new Tesla Cybertruck featuring a widebody carbon fiber design, which is the first of its kind in the world.

Scaramucci Says Melania Trump Would Prefer Kamala Harris To Donald Trump As President

Anthony Scaramucci has claimed that Melania Trump would rather see Kamala Harris win the presidency than her own husband.

America's Slow Decline into Hell - Ad

As Kamala Harris rises to power, her 3-word agenda threatens every American's freedom and financial security. Get the inside scoop and

Bill Ackman And Elon Musk Blast Kamala Harris For Her Social Media Posts During Debate With Trump: 'Even Her Tweets Are Not Her Own'

Recent comments by prominent figures have sparked debate over Vice President Kamala Harris's social media activity and public engagement. Bill Ackman, CEO of Pershing Square Capital Management, raised questions about Harris's involvement in her own X posts during the recent Republican primary debate.

Turkey's Spy Chief Meets With Hamas To Discuss Cease-Fire In Gaza: Reports

Turkey's intelligence chief met with Hamas in Ankara to discuss Gaza ceasefire negotiations, as Turkey denounces Israel's assault and conducts intensive diplomacy.

What Kamala Won't Do if She Wins the Election - Ad

She's promising to bring down housing costs and grocery prices...But the one thing she probably won't do, is make you wealthier. Ex-Wall Street Insider, Adam O'Dell has identified a simple way for any American to grow their wealth going into the 2024 presidential elections.

Top 2 Energy Stocks That Are Ticking Portfolio Bombs

Two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

OnlyFans Beats Apple, Google, Netflix, And Other Big Tech Companies In Revenue Per Employee: Here's The Down Low

Content-sharing platform OnlyFans has come out on top against big tech companies like Apple Inc., Alphabet Inc.'s Google, Netflix Inc., and others in terms of revenue generation per employee.

E. Jean Carroll Case: Appeals Court Skeptical of Trump's Bid to Overturn Sexual Abuse Verdict

E. Jean Carroll's case sees an appeals court skeptical of Donald Trump's bid to overturn a $5 million verdict for sexual abuse and defamation.

President Trump and Elon Musk Issue Stark Warning - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Treasury recovers $1.3 billion in unpaid taxes from high wealth tax dodgers

WASHINGTON (AP) — The IRS has collected $1.3 billion from since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement through President Joe Biden's signature signed into law in 2022.

iPhone 16 Pro Vs. iPhone 15 Pro: Should You Upgrade To Apple's Latest iPhone?

The iPhone 16 Pro offers notable upgrades in display size, processing power, camera capabilities, and battery life over the iPhone 15 Pro, but the improvements may not be significant enough to justify an upgrade for all users unless these specific features are essential to them.

A New Drug Set to Outgrow Zoloft and Metformin--Invest Now - Ad

A new breakthrough drug is predicted to hit 250 million subscriptions in the next SIX YEARS, according to Morgan Stanley. Even better, a tiny company - trading for only $7 - holds key patents on this new drug. But it won't stay under the radar for much longer.

Federal workers around nation's capital worry over Trump's plans to send some of them elsewhere

WASHINGTON (AP) — Worries of being uprooted from their jobs have returned for Laura Dodson and other federal workers, who have long been the economic backbone of the nation's capital and its suburbs.

US companies see record-low profits in China amid geopolitical tensions and slow growth, report says

HONG KONG (AP) — American companies in China are seeing record-low profits, with business confidence at an all-time low amid and a , according to a report published Thursday by a U.S. business group.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Trump's Campaign Slapped With Lawsuit Threat After Jack White Calls Them 'Fascists'- 'You Should Lose Every Military Family's Vote Immediately!'

Jack White of the White Stripes has condemned Donald Trump's campaign as "fascists" and threatened legal action after an aide used a clip of the band's 2003 hit "Seven Nation Army" in a pro-Trump social media post.

DO NOT Make Another Trade Without Seeing This First - Ad

Starting September 23... a huge secret of the markets could help you consistently target gains like: 126%... 245%... even 463% or more... often in 30 days or less... No matter what the market does next.

Yemen's Houthi rebel video shows they planted bombs on tanker now threatening Red Sea oil spill

DUBAI, United Arab Emirates (AP) — Yemen's Houthi rebels released footage Thursday showing that they boarded and intentionally set explosives aboard a Greek-flagged tanker that had been abandoned after they repeatedly attacked it, putting the Red Sea at risk of a major oil spill.

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Will Nvidia Continue To Deliver? Investors Sweat Over Hyped-up Expectations And Potential Blackwell Delay Ahead Of Q2 Report

Chipmaker and artificial intelligence stalwart Nvidia Corp. is all set to announce its quarterly results Wednesday after the market close. Analysts are upbeat about the company scaling lofty goals and reigniting the market momentum, which has toned down a bit in recent sessions.

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

Kentucky's Massive Cannabis Licensing Response: 5,000 Applications Filed Before Deadline

Nearly 5,000 medical cannabis license applications were filed in Kentucky by the August deadline, showing immense interest.

Investigators say dispatching errors led to Union Pacific train crash that killed 2 workers

OMAHA, Neb. (AP) — Dispatching errors combined with the failure of two backup systems allowed a Union Pacific train to that had been parked on a side track for nine months in Southern California two years ago, killing an engineer and a conductor, according to a report issued Thursday.

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Betting On U.S. Elections? Federal Judge's Decision Greenlights Political Wagers

A federal judge has greenlighted Kalshi to offer U.S. election betting, overturning a 2023 CFTC block, with contracts launching next week.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Australia proposes legal minimum age for children accessing social media

MELBOURNE, Australia (AP) — The Australian government on Tuesday promised to legislate this year to enforce a minimum age for children to access social media, but it has yet to announce how ages will be verified.

Stop Paying Full Price for Houses - Ad

Gain instant access to 1000's of houses you can potentially get for just the taxes owed. Why pay full price for properties when you can follow a few simple steps and pay just the taxes owed?

Judge allows smoking to continue in Atlantic City casinos, dealing blow to workers

ATLANTIC CITY, N.J. (AP) — A judge on Friday allowed smoking to continue in Atlantic City’s casinos, giving some measure of relief to the city's struggling casino industry while rebuffing workers who have long sought to be able to breathe clean air on the casino floor.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service