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To: yonif
2,600 pounds of marijuana worth about $2.1 million during= $50/ounce? All that interdiction isn't making it any more costly. It wasn't that cheap in the 60's.
4 posted on 12/04/2003 11:34:40 AM PST by PaxMacian (Gen. 1:29)
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To: PaxMacian
$50/ounce?

Maybe the feds don't understand pot prices since they get theirs for FREE.

7 posted on 12/04/2003 11:51:33 AM PST by thatdewd
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To: PaxMacian
It was typically $40/oz back in '79-'82; more for the really good sh*t. If it's still $50/oz, it's a bargain!
24 posted on 12/04/2003 2:23:06 PM PST by newgeezer (Because supply will ALWAYS strive to meet demand, the supply-side WOD is doomed to failure.)
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To: PaxMacian
$50/ounce? All that interdiction isn't making it any more costly. It wasn't that cheap in the 60's.

You must be young. A lid went for $5 and a lid was a four finger baggie. Quite a bit more than an ounce. It was up to $15 by 1970 and as much as $35 per weighed oz. by '73 when I graduated HS.

Interdiction in and of itself doesn't drive the price up or lessen the supply. It's the mere illegality and prosecution efforts that drive prices.

28 posted on 12/04/2003 7:52:55 PM PST by TigersEye ("Where there is life there is hope!" - Terri Schiavo)
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To: PaxMacian
$50 per oz is a lot for Mexican though. $17 on the third turnover is more like it but that would make this bust sound too penny ante.
29 posted on 12/04/2003 7:58:59 PM PST by TigersEye ("Where there is life there is hope!" - Terri Schiavo)
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To: PaxMacian
We handle quite a few of these drug mule cases where people are caught with dozens or hundreds of pounds of Mexican marijuana. I've seen the government's expert testimony on these so many times I pretty much know it by heart. The State's experts here at least always claim that the after being smuggled over the border, the marijuana usually goes for about $300 to $500 a pound out in Arizona, New Mexico, or wherever it's coming across the border. The farther east it gets, the more expensive it gets.

By the time it reaches the mid south/southeast where I live, it's going for anywhere between $800 to $1,200 a pound depending on the quantity one buys. It's cheaper to buy quantity. A quarter ounce goes for $25 to $40, and an ounce goes for $80 to $120. Out on the east coast, it could be going for over $2,000 a pound, even in several pound quantities.

It is my understanding that these prices have changed very little over the last fifteen or twenty years. I can remember back fifteen years or so when I was still in college and I'm pretty certain we were paying $25 or $30 for a quarter ounce of Mexican back then. Commercial grade pot prices haven't really changed in a long time.

It's a different story though for cocaine which has gotten considerably cheaper and more potent over the last twenty years. I just had a client plead to conspiracy to deliver cocaine who had sold a half ounce for $600 and he told me he should have known that was a cop he was dealing with because no one pays that much for coke around here. Others are telling me very pure powdered cocaine is going for around $150 for three and a half grams and less for larger purchases. If I lived in Florida or some other point of entry for cocaine and not in a small town a long way from anything I wouldn't be so surprised by this.

Anyone who tells you we are winning the war on drugs is either badly misinformed, ignorant and in denial, intentionally misleading you, or all of the above.
31 posted on 12/05/2003 7:18:23 AM PST by TKDietz
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To: PaxMacian

It must not have been very high quality. If it were the street price would have been $16 million.

51 posted on 12/07/2003 5:55:21 AM PST by Cultural Jihad
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