Federal immigration agents raided Glass House Brands, a prominent cannabis operator, using aggressive tactics including tear gas. This raid sent shock waves through the cannabis community, with many insiders expressing fear and confusion. The company’s stock significantly dropped following the raid, indicating market instability. Workers faced severe consequences, including detention by ICE and trauma from the incident. One worker tragically died while fleeing from agents. In response to the chaos, Glass House provided grief counselors to affected employees.
"It sent shock waves through the community," said Hirsh Jain, the founder of Ananda Strategy, which advises cannabis businesses. "Everyone is on text threads."
For Glass House, the aftermath has been devastating. Its stock, which is traded on the Canadian stock exchange, dropped from more than $7.75 a share the day before the raid to $5.27 on Thursday.
One worker, Jaime Alanís Garcia, died after he fell three stories while trying to evade capture.
Some workers disappeared into Immigration and Customs Enforcement detention or bolted, too fearful to return. Others were so traumatized that Glass House brought in grief counselors.
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