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Friday, April 6, 2012

Richard Lee, Oaksterdam Founder, Calls It Quits After Federal Raid

Posted By on Fri, Apr 6, 2012 at 7:47 AM

Richard Lee - INDYBAY.ORG
  • Richard Lee
Less than a week after federal agents raided Oaksterdam University, seizing many of its assets, including plants, bank accounts, records and computers, its founder, Richard Lee, has decided it's time to go.

Lee, the most visible pot legalization advocate in the state, told the Los Angeles Times that after 20 years in the business, it was time for others to take over. What's more, he also said he was concerned he could face federal drug charges after the Monday-morning raid of both his university and his home.

"I never wanted to be the quote unquote leader of the legalization

movement," he told the Times. "I saw myself as just one

small soldier in a big war. But I look at it as a battlefield


Oaksterdam University, the first marijuana trade school in the

nation, remains open for business, and Lee's

dispensary is also open. Lee, 49, said he plans to transfer the businesses to new

operators, and will close his marijuana nursery because his

stock of mother plants had been

confiscated in the raid.

On Monday, Drug Enforcement Agency and the IRS agents raided Oaksterdam University, but have not yet disclosed the reason for the action.

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About The Author

Erin Sherbert

Erin Sherbert

Erin Sherbert was the Online News Editor for SF Weekly from 2010 to 2015. She's a Texas native and has a closet full of cowboy boots to prove it.


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