Grand Jury Names 21 People in Colorado Marijuana Growing Money Laundering Scheme – NewsDenver

Grand Jury Names 21 People in Colorado Marijuana Growing Money Laundering Scheme - CBS Denver

Colorado’s recreational marijuana laws have made it easier for “groups like this to flourish,” Kellner said. Recreational marijuana is legal in Colorado. But companies must apply for marijuana business licenses to be a verified seller in the state. “When the discussion and the debate about legalizing marijuana in the state of Colorado was coming to a head, there were many people who said this was going to eradicate and end the black market — and that is incredibly far from the truth,” he added.

The 21 people face numerous charges that include racketeering and conspiracy, drug cultivation and distribution and money laundering, according to the Arapahoe County District Attorney’s office. They laundered the money they made through social media apps, QR codes and money brokers in China, according to indictments based on a year-long investigation.

Sixteen Chinese citizens allegedly involved in the scheme have been arrested, and five others have outstanding arrest warrants, officials said. Officials have seized about $1 million worth of marijuana proceeds, hundreds of pounds of the drug and more than 10,000 marijuana plants, said District Attorney John Kellner, whose office covers several counties just south of Denver.

Source denver.cbslocal.com

(© Copyright 2021  NewsBroadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.) Agents from the DEA and Homeland Security Investigations participated in the investigation.

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