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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001170918-08-000368.txt : 20080528
<SEC-HEADER>0001170918-08-000368.hdr.sgml : 20080528
<ACCEPTANCE-DATETIME>20080528193404
ACCESSION NUMBER:		0001170918-08-000368
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080523
FILED AS OF DATE:		20080528
DATE AS OF CHANGE:		20080528

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLUE HOLDINGS, INC.
		CENTRAL INDEX KEY:			0001139683
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				880450923
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		5804 E. SLAUSON AVE.
		CITY:			COMMERCE
		STATE:			CA
		ZIP:			90040
		BUSINESS PHONE:		(323) 725-5555

	MAIL ADDRESS:	
		STREET 1:		5804 E. SLAUSON AVE.
		CITY:			COMMERCE
		STATE:			CA
		ZIP:			90040

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MARINE JET TECHNOLOGY CORP
		DATE OF NAME CHANGE:	20010502

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GUEZ PAUL
		CENTRAL INDEX KEY:			0001085783

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-33297
		FILM NUMBER:		08864697

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		3232786668

	MAIL ADDRESS:	
		STREET 1:		C/O AZTECA PRODUCTION INTERNATIONAL
		STREET 2:		5804 EAST SLAUSON AVENUE
		CITY:			CITY OF COMMERCE
		STATE:			CA
		ZIP:			90040
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>sam08-136_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-05-23</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001139683</issuerCik>
        <issuerName>BLUE HOLDINGS, INC.</issuerName>
        <issuerTradingSymbol>BLUE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001085783</rptOwnerCik>
            <rptOwnerName>GUEZ PAUL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O BLUE HOLDINGS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>5804 E. SLAUSON AVENUE</rptOwnerStreet2>
            <rptOwnerCity>COMMERCE</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90040</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-05-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1750000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.80</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>17778757</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3758500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Elizabeth Guez, Spouse</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>117382</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Paul and Beth Guez Living Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On May 23, 2008, the Reporting Person rescinded the sale of 1,750,000 shares of common stock which originally occurred on May
 9, 2008.</footnote>
        <footnote id="F2">Includes 1,750,000 shares jointly held by the Reporting Person and the Reporting Person's spouse.</footnote>
        <footnote id="F3">The Reporting Person may be deemed to beneficially own 2,008,500 of the shares directly held by the Reporting Person's
 spouse, but disclaims beneficial ownership in such securities, except to the extent of the Reporting Person's pecuniary
 interest therein.</footnote>
        <footnote id="F4">Each of the Reporting Person and Elizabeth Guez are Co-Trustees of the Trust and have voting and dispositive control of the
 securities held by the Trust and accordingly may be deemed to beneficially own such securities.  The Reporting Person
 disclaims beneficial ownership of such securities, except to the extent of the Reporting Person's pecuniary interest
 therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Paul Guez</signatureName>
        <signatureDate>2008-05-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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