A Liverpool man has been granted bail by Deputy High Bailiff Alastair Montgomerie, but he has been told he must be electronically tagged.
Nineteen-year-old Jamie McArdle, of Norris Green, faces six counts of acquiring criminal property.
Other conditions are that he must live at an address in Ramsey's Waterloo Road, observe a 10pm to 8am curfew, report daily to the town's police station and not associate with any of his co-defendants.
He will appear in court again on February 8.
'Divisive' clause five removed from new local authority legislation
New law will improve transparency and update bylaw procedures
Campaigner urges Island to pilot recreational cannabis scheme
Charlotte Caldwell believes there is political support for a new approach to cannabis
Funding model 'constraining' ability to tackle heritage 'critical maintenance backlog'
MNH outlines issues with Treasury support
Ramsey Commissioners appeal for help after fly tipping incident
Any information received 'will be treated with the strictest confidence'
Pothole claims cost department thousands
Hundreds of successful compensation claims in recent years confirms minister