California Cannabis Distributor Sentenced to Prison for Federal Tax Evasion

The United States Department of Justice announced that California Realtor, Charles T. Woods, was sentenced to two years in prison for failing to pay federal taxes on over $1 million in cash that Woods received from distributing marijuana. Woods kept the cash in 25 bank accounts, which he hid from his tax preparers. The DOJ indicated that Woods filed tax returns from 2012 – 2014. Woods was also ordered to serve one year of supervised release and pay $466,707 in restitution.