‘Cannabis landlord’ denied license while in jail on drug charges

San Bernardino grants 16 permits for marijuana production

Feb.February 25, 2019 03:00 PM
Stephanie Smith, the self-proclaimed largest cannabis landlord in California (Credit: Facebook)

It was a tough week for Stephanie Smith, a real estate developer who claims to be the largest cannabis landlord in California.

San Bernardino city council members denied her bid for a license to manufacture marijuana. And police jailed her after raiding her home in Pacific Palisades and discovering a stash of oxycodone and Norco, along with $200,000 in cash, The San Bernardino Sun reported.

For more than a year, police have been building a case against Smith about her potential involvement with illegal marijuana grows in her buildings in San Bernardino. Six of her buildings have been raided since 2017. At one location, more than 2,600 pounds of marijuana was seized.

Smith manages 50 cannabis properties, according a profile last year on cannabisbusinesstimes.com. She told Los Angeles Times last year that she controls nearly 2 million square feet of industrial property, mostly in Southern California.

Smith advocates for the sale of legalized weed, and is suing several cities over cannabis policies. But she also maintains she is only a landlord and has nothing to do with activities that occur inside her properties.

Smith was released Friday after pleading not guilty. Her attorney Bill Eilenberg said it had “nothing to do with Marijuana.” Eilenberg said the painkillers were left over from a clinic she ran years ago, and the $200,000 was rent from her marijuana-cultivating tenants, which are cash-only businesses.

Eilenberg said her arrest wasn’t relevant to her attempt to set up a manufacturing and distribution plant at 4010 N. Georgia Boulevard in San Bernardino.

The city granted licenses to manufacture marijuana to 16 of 39 applicants, with Smith’s application rated at the bottom. [Sun] — Gregory Cornfield

Related Articles

Richard Bloom and a rendering of Lowell Farms Cannabis Cafe (Credit: Lowell Farms, iStock)

Cannabis lounges bloom in WeHo, and not everyone is happy

Green Sage founder Ken Greer , Lotus Property CEO Faisal Ashraf, and the Cannery on San Leandro Street 

From cannery to cannabis: Oakland redevelopment project lands big loan

A rendering of Lowell Farms Cannabis Cafe (Credit: Lowell Farms, iStock)

Nation’s first cannabis cafe could open in West Hollywood next month

MedMen CEO Adam Bierman and a retail shop in West Hollywood

MedMen, the “Apple Store of Weed,” gets $30M for pot retail push

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Southern California Coalition Executive Director Adam Spiker and City Hall

A growing problem: Cannabis retailers want LA’s unlicensed pot shops shuttered

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio