Mark Bagdasarian, a cannabis dispensary owner in Clovis, Calif, already facing possession and distribution charges, was hit with federal money laundering charges July 16. Federal prosecutors say Bagdasarian laundered money through ATMs at his Buds 4 Life dispensaries in Tarpey Village and Friant. Bagdasarian pleaded not guilty to the new charges. Prosecutors say Bagdasarian would take cash from cannabis sales—illegal under federal law—and load it into the ATMs at the dispensaries, to be withdrawn by customers.
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