A Sydney agent who was arrested for his alleged involvement in a 1,000-kg cannabis syndicate has been granted bail by a Supreme Court judge.
Real estate agent Joshua Kalocsay, who was arrested in October 2025 after detectives reportedly identified him delivering 40 kilograms (kg) of medicinal cannabis and depositing large amounts of cash into various bank accounts, has been granted bail.
The Sydney agent was allegedly a part of a syndicate, alongside co-accused Joseph Younes, that supplied more than 1000 kg of the drug obtained from legal wholesalers.
The court heard that the syndicate purportedly purchased large quantities of medicinal cannabis worth hundreds of thousands of dollars and resold it on the street.
Younes allegedly bragged that he could bring in “a metric tonne a month” to a rented warehouse, potentially making it a “$1-million-a-week business.”
Court documents alleged that Kalocsay took part in the supply of 1,058 kg of cannabis between May and July 2025, and dealt $802,000 in alleged proceeds of crime in the same period.
Kalocsay’s barrister, Ben Barrack, said that his client believed they were in possession of a legitimate licence, issued to Leaflux Pty Ltd.
As medicinal licences are non-transferable, the Police stated that Younes and Kalocsay had no legal standing to purchase or supply cannabis.
Kalocsay was arrested at Sydney International Airport after arriving on a flight from Thailand, where authorities believe he had been located for several months.
After spending the previous three months in custody, Kalocsay was granted bail on Monday by Supreme Court judge, Justice Richard Cavanagh, who found that the agent didn’t pose a flight risk ahead of his trial, which will likely take place in 2027.
Cavanagh agreed to grant bail despite admitting to finding Kalocsay's involvement “quite puzzling… as he appeared to have been working successfully in the real estate industry.”
Kalocsay was a sought-after agent boasting a five-star rating on RateMyAgent and worked in Sydney’s eastern suburbs, where median house prices can reach multiple millions.
According to the NSW government’s licence look-up, Kalocsay still holds a valid real estate licence.
As part of the conditions of his bail, Kalocsay must live under house arrest conditions, leaving only to report to police, meet with his lawyers, attend court, receive medical treatment, or work.
He will next face the court on 26 February.
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