An RCMP investigation found over $3 million of illegal cannabis proceeds was laundered through casinos in Ontario, and police have charged five individuals while seizing more than $24 million worth of cannabis.
Nearly 30,000 cannabis plants—which yield up to 18,781 pounds of dried cannabis—as well as an additional 7,926 pounds of dried cannabis were seized, which have a total value of more than $24 million, the Hamilton-Niagara RCMP said in a statement on July 5.
Police also seized about CAD $1 million in cash during their investigation.
The bust was part of an investigation that began in 2017, which initially focused on gathering intelligence about a possible money-laundering scheme that was operating through casinos in the Greater Toronto Area and Niagara regions. The probe revealed the laundering of over $3 million in proceeds made through the illegal sale of over 8,000 pounds of cannabis….