Glass House Brands is appealing the County of Ventura's valuation of its giant cannabis farm outside of Camarillo and seeking a refund of what it claims are millions of dollars in excess property taxes paid over the past four years.
More than three years after Glass House filed its appeal, the case is awaiting a decision by the Ventura County Board of Assessment Appeals, a quasi-judicial board appointed by the Ventura County Board of Supervisors. The appeals board held its last hearing on the Glass House case on Dec. 15. The company and the Ventura County Assessor's Office will submit written briefs over the next three months, and the appeals board will issue a ruling by September 2026.
The issue dates back to the property sale. In September 2021, a Glass House subsidiary bought a 160-acre property on the Oxnard Plain with 5.5 million square feet of greenhouses. At the time, it was a Houweling's Nurseries tomato and cucumber farm. Glass House now grows cannabis on the property, making it the state's largest licensed cannabis farm and the only major one in Ventura County.
In July, it was the site of a massive immigration raid in which federal agents arrested 361 people and one worker died after he fell from a greenhouse roof. The raid and its aftermath resulted in labor shortages at Glass House and cost the company tens of millions of dollars in lost revenue, according to its latest earnings report.
Read more at VC Star
