LAPD Finds Pot Shop Owner Making Huge Profits

Categories: City News, Crime

Who says you can't make a profit selling medical marijuana?

Despite the protestations of numerous medical weed store owners, who regularly gripe that they're just making ends meet, Los Angeles Police Department found a detailed list of the hefty profits made on different marijuana strains sold at three pot shops owned by the same man, Richard Khoury.

marijuana_leaf.gif

Over 50 Los Angeles Police Department narcotics detectives and officers served search warrants today on Alternative Care Collective, 420 Discount Collective and Encino Discount Collective in the San Fernando Valley after neighbors complained about people selling pot to teenagers outside the locations.

During the January 27 afternoon search, officers found and confiscated 50 pounds of marijuana, hashish, edible and drinkable marijuana products, and $3,000 in cash. Khoury was arrested for possession for sale and cultivation - cops found 68 plants at his Granada Hills home in the Valley.

One of the most eye-opening things they found was a list of how Khoury marked up the prices of his medical pot. Here are just a few examples:

Khoury, a 30-year-old former construction worker, bought a gram of Obama Kush for $10.71 from a pot vendor, then sold it to his patients for $37.50. That's a whopping profit of $26.79!

Another strain, OG Skywalker, cost Khoury $10.49, and he sold it for $37.77 - a more than respectable return of $27.28.

Train Wreck, a cheaper brand, costs $5.50, with the owner peddling it for $20.09 and making another nice gain of $14.59.

LAPD Devonshire Division Narcotics Detective Robert Holcomb told the LA Weekly that Khoury made approximately $4,000 to $6,000 a day at each of his three locations.

Like this Story?

Sign up for the Weekly Newsletter: Our weekly feature stories, movie reviews, calendar picks and more - minus the newsprint and sent directly to your inbox.

Privacy Policy

Most Popular Stories

Sign up for free stuff, news info & more!

Tools

General

Browse Voice Nation
  • Voice Places

    Voice Places

    Discover restaurants, nightlife, travel, shopping...

  • VOICE Daily Deals

    VOICE Daily Deals

    Get 50 to 90% off every day on restaurants, movies, massages...

  • Best Of

    Best Of...

    More than 10,000 of the BEST things to eat, drink, and experience

  • My Voice Nation

    My Voice Nation

    Join the Village Voice community and get exclusive deals and info

  • Happy Hour

    Happy Hour

    Your local Happy Hour guide at your fingertips

or

Log in or Sign up

Social Connect:

Use your favorite account to access My Voice Nation.


Use your My Voice Nation account to log in:





Forgot password?
or

Sign Up or Log in

Social Connect:

Sign up for My Voice Nation with your preferred network.


Sign up for a My Voice Nation account:



Privacy policy