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.”
Note to readers: if you purchase something through one of our affiliate links we may earn a commission.
© 2020 Advance Local Media LLC. All rights reserved (About Us).
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local.
Community Rules apply to all content you upload or otherwise submit to this site.
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 weed cost: grams, quarters, ounces and pounds, Know What You should be Paying
March 29, 2018 By Bud Durden
How much does weed cost
There is a lot of weed being smoked since 2016 when a report by “Arcview” stated that $53.3 billion dollars were spent on cannabis by North Americans. Since 2016 more states and even countries have stepped up to the legalization line and the 2017 number for the amount of weed purchased has increased by 33%. That’s a massive increase in weed purchasing and tax revenue. These numbers are based on the estimated total of legal and illegal weed sold in North America per year. Due to the massive shifts in the medical marijuana market, the price of marijuana is going down! So just how much does weed cost in your neighborhood.
Update 2019: Legalization has gained ground in the US and has become legalized or medically legalized in many countries such as Canada. Yes, Canada, home of the beaver, basketball, and currency made out of heavy coins called “Loonies”. Usage is exploding through the world but in counties like Canada, it’s caused the prices to start skyrocketing. How much are you paying?
How Much Does Weed Cost Where You Live? (Anonymous Survey)
The street value of cannabis Crowdsourced anonymously by the consumer. Please submit your latest cannabis transaction.
Click on the Map Locations to View Detailed Information
Average Weed Prices in: n/a
|Quality||Average Price/OZ||# of Contributors|
No data available
Most popular States/Provinces
- New York
- United States
- United Kingdom
- Puerto Rico
Grow Your Own Cannabis For Just $3 per gram: An easy to follow guide
As cannabis became legalized and people started hearing about the massive tax revenues being generated It really shocked people. No one realized just how much weed was getting smoked in North America. So, what does weed cost in your area? We would like to put together an international price index for medical marijuana as well as weed from the black market.
I live in Canada in sort of a pre-legalization limbo. In July 2018 cannabis will be legalized in all of Canada and the prices will change for sure. Currently, if I needed to order weed from a dealer or from a semi-legal online dispensary I would be paying about $240 per ounce of top-grade cannabis and about $200 per ounce for mid-grade cannabis. I believe that’s near the top of the expensive weed scale, what do you think?
TIP: Always weigh your weed, it only takes a second and you’ll know if you are being ripped off instantly. A cheap digital scale will do just fine. If you are getting shorted find a new source, don’t confront your drug dealer! If it’s from an online source you can complain to the company and leave a bad review.
Top 5 Beginner Strains For New Growers Click Here
Average Price for a Quarter of Weed
With more states and provinces legalizing cannabis more growers have come online and caused the prices of cannabis to fall in recent times. A report on Bloomberg.com states that “the increasing supply of legal marijuana is turning into a major buzz kill for growers as prices plunge”. As more illegal growers convert their grows over to legal the amount of cannabis on the market is only going to grow.
It’s said that in Colorado or as I like to call it weed central that the price of wholesale weed has fallen an average of 48% to $1300 a pound for premium weed. How much does weed cost where you live?
Buy weed online in Canada now!
California-based Arcview Group a cannabis investor consortium tells its members to expect cannabis prices to continue to fall and that this should be planned for in all new business plans for people growing as a business. As agricultural technology advances due to this new gold rush expect the cost of production to fall and the amount of production to keep rising and pressuring prices.
As we enter into 2018 several states have legalized to at least some degree and all of Canada will move to legalize weed by July 2018; we decided to look at how the cost of weed has been affected by the increased consumption rates.
Just like in real-estate it all comes down to location, location, location. If you are living in a very weed unfriendly state such as Kentucky, where a small-time dealer could catch 2 to 4 years for a simple weed deal the prices are high. There are risks, transportation issues and more middlemen involved in the transaction to get that weed to the state in the first place.
If you are lucky to live in and around Colorado where cannabis business has to fight and undercut their prices to gain customers the price falls substantially. The network of growers is large and built up so there is more capacity then need at this point. The same goes for California, they have more weed then they can sell which of course leads to low prices.
If you live in a place where medical cannabis is legal then you can likely get cannabis for even less money because medical cannabis is taxed less, then recreational. How much does weed cost in your state?
Remember I’m basing my price estimates off California and Colorado weed prices, not street prices.
Save Massive Money By Growing Your Own, Find Out How Click Here
Weed Prices – Grams to Ounces
Remember like anything economies of scale are in play when buying cannabis. That just means that the more cannabis you buy at once the better deal you get on the price of that weed. Bigger buys mean smaller costs.
How Much Does a Pound of Weed Cost?
Lets just set the record straight here so people that aren’t from California or Colorado understand that you can’t just walk into a dispensary and order a pound of weed. There are restrictions and in both these states that restriction is one ounce per person per visit. You need to have a store, so you can buy from a wholesale producer. Out on the black market in most US states where cannabis is not legal the cost of a pound of weed is between $2000 to $4000 per pound depending on the quality of the product. On average expect to pay $2K to 3K per pound.
If you are wondering how a pound breaks down into grams of weed; there are 453.59 grams in a pound. So, make sure you weigh your weed and don’t get shorted on that half gram.
How Much Profit is in Selling a Pound of Weed?
Remember economies of scale, the larger portion you buy the cheaper the price. Let’s say you are going to sell a pound of weed and your going to sell it all in 1/8ths of an ounce. Depending on the selling price of an 8th in your area you could stand to make $6400 at $50/8th.
How Much Does a Half Pound of Weed Cost?
A half-pound of weed if you’re lucky enough to find it costs between $1200 and $1800 dollars depending on where you get it. As you buy less cannabis the price becomes less attractive, but even a half-pound of weed can be broken down for big profits.
How Much Does an Ounce of Weed Cost?
Well, let’s get out or fingers and toes and do the math on this. If your average pound of weed costs $2000 per pound you can break that down into 16 ounces that come out to be about $125 per ounce but on the black market, you would be looking at more like $160 to $180 per ounce.
How Much Does a Half Ounce of Weed Cost?
So, if we keep moving along with the simple math a half-ounce of weed will cost between $80 and $100 dollars. Street costs would be more like $100 to $140 per half an ounce. You really do start to pay more with the smaller amount purchased. The more you buy the more you save. Remember you can store cannabis for very long periods of time.
How Much Does a Quarter of Weed Cost?
A quarter ounce of weed costs about $60 to $100 at a dispensary. On the streets, you would be looking at more like $80 per quarter ounce.
How Much Does an Eighth of Weed Cost?
OK, people get confused about what an 8th of weed is. An 8th of weed weights 3.5 grams and will run you between $25 to $35 dollars at a dispensary and an 8th ounce of weed on the street will cost about $40 to $50 bucks. Please leave a comment below if you pay another amount and include your location. I’d love to build a whole database of cannabis costs by region.
What’s the Average cost of an ounce of weed in the four states where weed is legalized or decriminalized which are Washington, Oregon, Colorado, and Alaska? In these states, the price of an ounce of weed has fallen below $300 per ounce where the nationwide average is $325 per ounce. In Colorado where there is more weed then can be smoked you can buy an ounce of weed for $240. How much does weed cost near you?
Highest Yielding Strains Indoors: We report the Biggest Buds Available Click Here
How Much Does a Gram of Weed Cost?
Typically, a gram of weed is the smallest amount of cannabis you can buy. Since it’s the smallest amount the price is highest. A gram of weed will cost you between $10 and $12 per gram. How much does weed cost near you?
What is a Dime Bag?
A dime bag is a bag of weed for $10 dollars. The amount of weed you get in a dime bag is generally less than a gram but enough to roll one joint.
Buying weed using our cannabis price index will help you get the best quality weed for the money.
There are many factors affecting the cannabis price index which directly effects what weed really cost in your area. How much does weed cost in your location?
Most Popular Medical Marijuana Strains
- Green Crack By Crop King
- Northern Lights By Crop King
- NYC Diesel By Crop King
What about THC oil concentrates?
I will be completing research and testing on a selection of cannabis oil products in the coming months and will be posting reviews fo the best THC concentrate options available. We’ll be investigating the uses, benefits and side effects of THC concentrates such as RSO oil, oil capsules, tinctures, and vape products.
We would love to hear from people about how much weed they buy and what you are paying for it where you live. Please help us out and post!
How much does weed cost: Grams, Ounces and Pounds, Know What You Are Paying? Don't get ripped off when you are buying weed.