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street value of a pound of marijuana

What’s the weed worth? How police estimate the value of seized drugs

It was the price of the weed that intrigued readers: On Monday, PennLive reported the seizure in York County of 247 pounds of marijuana.

Beyond announcing the arrest of three California men — one of them a sheriff’s deputy — in the bust, the York County District Attorney estimated the value of the seized drugs to be in excess of $2 million.

A lot of readers thought the math didn’t add up.

Wrote one reader:

There is no way that 247 lbs is worth anywhere near ($2) million dollars. Weed costs about $50 per eighth-ounce on the street. If you split that 247 lbs into 31,616 individual units and sold them for $50 each you’d only have $1.58 million. $750,000 tops in its bulk form. You’d only break $2 million if you could sell all of it in tiny individual units and also overcharge everyone by about 25%.

Law enforcement authorities in York County put the estimated value of the 247 pounds of marijuana seized last week in Hanover in excess of $2 million.

Patrick J. Trainor, a spokesman for the U.S. Drug Enforcement Agency’s Philadelphia office, could not disagree, but he argued that not all marijuana is the same.

The domestically grown variety tends to be . well not very good, he said. Some of the extremely high-grade stuff — like the super high-octane product coming out of Canada, for instance – can fetch upwards of $5,000 to $7,000 a pound.

“But several million does sound somewhat inflated,” Trainor said.

Trainor laid out several reasons why District Attorney Tom Kearney’s estimated value may not be excessive. PennLive put a call out to Kearney’s office but was told he was unavailable for comment.

For starters, law enforcement agencies generally assign a retail as well as a street distribution value to seized marijuana, Trainor notes. And while both in the end are correct, they usually report the retail value.

A pure, high-grade cannabis can fetch as much as $5,000-6,000 a pound at the retail level. Drug traffickers — just like any other line of business, Trainor said — make their most money not at the wholesale but the retail. And law enforcement, more often than not, like to report the estimated retail value of the seized cannabis.

“It is entirely possible to take a pound of marijuana and cut that up into nickle bags or dime bags and what we would call a nick traditionally used to sell for $5 to $10 if low grade,” Trainor said. “If it’s high grade, the same bag could retail for $100. You could increase your profit margin by literally 200 percent.”

Then there’s the weed’s place of origin.

The York County Drug Task Force with the help of and police agencies from the region last week seized 247 pounds of marijuana during a traffic stop. Three men, including a sheriff’s deputy from California, have been charged in connection to the seizure. All three posted $1 million bail each. (Ivey DeJesus/PennLive)

Trainor uses the cultured pearls analogy to explain that one: If you want to buy cultured pearls, you are going to get them a lot cheaper in Tahiti than you would in the U.S.

“You are paying premium for those cultured pearls to be cleaned, packaged and delivered to Tiffany’s in Center City or New York. It’s the same thing with drugs,” Trainor said.

The marketplace – or location of sale – will also affect the value of the substance.

Marijuana, Trainor explains, has a significantly higher street value in a place like York County than it would in a large urban center, such as Philadelphia or New York.

“We see a difference in value between Philadelphia and Allentown,” Trainor said. “Speaking from a Philadelphia perspective, you could go to Bucks or Montgomery or Delaware counties and pay more for it there. It’s going to be the same in York County. It’s going to be much more.”

At Monday’s press conference, Kearney declined to provide detail information about the drub, saying the information was part of the ongoing investigation.

Remember that old Cheech and Chong movie. ‘the bigger the bust, the bigger the boost?’ Turns out advocates for the legalization of marijuana are still using that argument.

Cops, they say, like to inflate the value of the seized drugs because it makes them look good.

“They like to hold them out as achievement later to move further up the chain,” said Allen St. Pierre, executive director of the National Organization for the Reform of Marijuana Laws (or NORML).

Almost all — 98 percent — of marijuana arrests in this country happen at the local level, he said. The federal government makes few arrests, he said. Moreover, local departments benefit from millions of federal dollars available through programs such as the Edward Byrne Memorial State and Local Law Enforcement Assistance Program, which St. Pierre describes as a “slush fund” for local law enforcement.

“The general criteria needed is how many busts you make,” he said. “The higher the bust and value, the greater the calculus for local and state police getting a percentage of massive federal grant programs. Local police are really incentivized to do this.”

Advocacy groups like NORML have for decades made inflated estimates a point of contention, and the fact, that, they say, when it comes to prosecuting marijuana cases, police and attorneys lean toward the higher estimated street values and higher weights.

“From a PR point of view it benefits law enforcement, in their view, to put a high dollar value on drugs or contraband,” St. Pierre said. “It’s a notch on their belt in terms of them being able to say ‘we stopped X or Y amount of drugs going from point A to point B or we were able to keep X amount of drugs from your children. specifically your children!”

The fact that fresh — or wet — marijuana weighs more than the dry variety is not lost on police and courts. The drug has a significant drop in weight over a short time.

And while possessing any amount of marijuana is illegal in Pennsylvania, the greater the weight, the greater the potential sentence defendants face.

“When the brass tacks are exposed, it’s really important from a defense point of view to be able to establish the lowest possible weight,” St. Pierre said. “It’s the weight that largely is the determining factor — not the value. That’s the PR. It’s the weight of marijuana along with prior offenses or guns involved..generally speaking the more weight the greater the punishment. Police very often inflate the value of marijuana.”

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What’s the weed worth? How police estimate the value of seized drugs It was the price of the weed that intrigued readers: On Monday, PennLive reported the seizure in York County of 247 pounds of

How Much Does A Pound Of Weed Cost? | Updated (2020)

It’s common to ask how much does a pound of weed cost when you’re buying cannabis as a new user. The average cost of a pound of weed is $2,000 to 3,000. The other reason is that you know you should start consuming weed with a small or tolerant amount.

As there are thousands of legal buyers are buying cannabis, we have made it simple for the new weed buyers. So, it’ll help you to get many unanswered questions that you have in your mind.

Another reason to ask the questions of the price of weed is that nobody wants to be cheated while buying cannabis or weed. Well, let’s know the price of a pound of weed in details along with some related topics.

Price Of A Pound Of Weed

You’ll find a restriction in the California and Colorado states where you can buy one ounce of weed from one visit. But, if you want to buy weed from wholesalers, you must have an individual store.

Before you learn what the cost of weed is, you should learn how many grams of weed or cannabis in an ounce. Moreover, we’re going to explain the amount grams of a pound of weed that will help you for the better understanding. And one pound is equivalent to 453.59 grams on MKS system.

Well, in the black market of the many US states a pound of weed costs in between $2,000 to $4,000. Consuming cannabis is not legal in these states and the price also depends on the product quality. Therefore, one pound of weed cost in between $2,000 to $3,000.

The Factors That Influence The Price

The sales of marijuana continue to blow up when more of the US states start making it legalized for medical and recreational use in 2019. For the same reason, the prices of weed go down because of increased sales.

Thus, here is working mainly two factors to influence the price of weed. They’re the legalization and the more production than the previous years. Also, quality is another great factor that affects the price. Let’s know about some other factors below:

Competition

Competition is probably another factor on the weed price and it depends on where you purchase it from. If your area has multiple dispensaries and multiple individuals to sell it, there is a competition among them. This may work to cut down the price.

On the contrary, if there is a single shop or individual to sell it, it’ll usually cost more. So, when there is no competition out there, the sellers want to charge more price as this is a comparatively short supply commodity.

Weed Taxes

In the US states where cannabis is legal, its sale is always linked with government tax or fee for weed. For example, Colorado State has 2.9% of the tax rate for the regular weed and it takes 10% of taxes for special marijuana.

The situation of taxes of most states and cities are almost the same. That means you’re paying more money for the taxes and it’s from 1.69% to 9.45% in all the states. Thus, this is making weed price higher.

Conclusion

It’s a common business strategy that if you buy a large part of a product, you’ll get it at a cheaper price. This is also the same answer for the question of how much does a pound of weed cost.

Regardless of the approach you go with, it’s a very initial step to getting educated to enter into the weed or cannabis market to discover its price marks in your local market. You’ll find some different reasons why the prices of weed widely vary from the list.

The average cost of a pound of weed is $2,000 to 3,000. in the black market of the many US states a pound of weed costs in between $2,000 to $4,000 ]]>