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Police seize 1500 pounds of pot from NY apartment, estimate its street value at $7.5 million. Dude, $5000 a pound? In New York? Must have been some crappy stuff
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Sleeping Monkey
2012-02-01 09:21:03 AM
It's worth $7.5 million, but in "drug enforcement" funding to perpetuate the cycle that cops feed upon.
Petit_Merdeux
2012-02-01 09:30:59 AM
The math isn't working out.
That 1000 pounds will only gross $5 million.
At $5 million, that 750 pounds is worth $6667 a pound.
Wait, let me double check, because the 500 pounds they seized would only get you $3.33 million.
So, the 250 pounds at 3.33 million is $13,320 a pound.
So if you sell the 100 pounds....
/dude, i am so baked!
Godscrack
2012-02-01 10:59:52 AM
Cop math.
jaylectricity
2012-02-01 11:02:54 AM
That's about $80 a quarter which is a decent price in NY. Depending on the quality, of course.
Norv Turner
2012-02-01 11:45:22 AM
9beers
2012-02-01 12:32:00 PM
By the time this thread is over, people will think that weed costs 3 dollars a pound.
JackieRabbit
2012-02-01 12:32:19 PM
Must be a typo, because we all know that 1500 lbs of pot has a street value of $7.5 gigga-google-bizzili-trill-billion. (and that most of it will slowly find its way into the cops private stashes.)
ongbok
2012-02-01 12:33:27 PM
From what I hear around here $5000 is about the going rate for a pound of weed.
Kuroshin
2012-02-01 12:36:39 PM
Petit_Merdeux
:
The math isn't working out.
That 1000 pounds will only gross $5 million.
At $5 million, that 750 pounds is worth $6667 a pound.
Wait, let me double check, because the 500 pounds they seized would only get you $3.33 million.
So, the 250 pounds at 3.33 million is $13,320 a pound.
So if you sell the 100 pounds....
/dude, i am so baked!
Came here for this. Leaving... Where was I going again? Hey man, got any Cocoa Puffs?
jaylectricity
:
That's about $80 a quarter which is a decent price in NY. Depending on the quality, of course.
These days that sounds like a pretty good price for PDX as well. Can't believe what people pay for pot these days.
/in my day an eighth was $20 for some peppery, snowy green
//mex/ditch was free
///off my grass
kindms
2012-02-01 12:36:59 PM
ongbok
:
From what I hear around here $5000 is about the going rate for a pound of weed.
Only for the creme de la creme
CA flooding the market bringing everything down.
moops
2012-02-01 12:37:21 PM
jaylectricity
:
That's about $80 a quarter which is a decent price in NY. Depending on the quality, of course.
If it's NYC Diesel, $80/q is about right. If it's brickweed, half of that.
/brickweed is evil.
//drugsrbadmmmkay
asmodeus224
2012-02-01 12:37:41 PM
And somehow my pot delivery was not disrupted last night. Keep up the good work officers.
LineNoise
2012-02-01 12:39:01 PM
Look, you are all wrong, pot in.........woah.....look at my hands....
mekkab
2012-02-01 12:41:09 PM
moops
:
/brickweed is evil.
bears bears bears
ihatedumbpeople
2012-02-01 12:42:25 PM
So the cops checked 200 pounds into evidence, right?
/amidoinitright?
Odd Bird
2012-02-01 12:43:41 PM
jaylectricity
:
That's about $80 a quarter which is a decent price in NY. Depending on the quality, of course.
caveat: I didn't do the math so I'm trusting your calculations.
If the 7.5M breaks down to $80/qrtr, markup at various stages would push that to $200+ which is about right.
SpaceButler
2012-02-01 12:47:57 PM
jaylectricity
:
That's about $80 a quarter which is a decent price in NY. Depending on the quality, of course.
I don't think anyone with 1500 pounds of pot is planning to sell it off by the quarter ounce.
If a wholesaler's warehouse gets robbed, do they get to claim losses based on retail prices?
DigitalCoffee
2012-02-01 12:50:07 PM
About $11 per gram, twice as much as common brick but a far cry from what some of the top shelf hydro goes for.
/or so I may have heard somewhere from someone
T.M.S.
2012-02-01 12:50:40 PM
I live in NYC and I live in Amsterdam.
The weed is better in NYC.
ows
2012-02-01 12:52:10 PM
if little johnny has 3 pounds of pot, and has to travel 2.6 miles to deliver it, at a cost of $3.35 per mile, just how baked will little johnny be when he gets to his destination?
jaylectricity
2012-02-01 12:53:05 PM
SpaceButler
:
jaylectricity: That's about $80 a quarter which is a decent price in NY. Depending on the quality, of course.
I don't think anyone with 1500 pounds of pot is planning to sell it off by the quarter ounce.
If a wholesaler's warehouse gets robbed, do they get to claim losses based on retail prices?
No, the guy with 1500 isn't. But the police don't estimate based on that. They base on the price the consumer will pay. The dealer isn't going to pay his supplier $7.5 million for this. He's paying $3 million, or whatever. But by the time he sells 100 pounds each to his 15 guys, he'll take in $4 million. Then those guys will sell 1-5 pounds to their guys and take in $5 million, then those guys sell ounces to their guys and take in $6 million, then those guys break it up into quarters and take in $7.5 million.
Obviously these numbers are out of my ass to illustrate the point.
mopar1956
2012-02-01 12:54:19 PM
Wait. 600 pots equal 1500 lbs. Can you really get 2.5lbs per pot? Serious question.
moops
2012-02-01 12:55:44 PM
Is it true that weed delivery services are widely available in NYC? I've been hearing this story for years that you can call someone up, make an order, and a dude shows up at your door with a bag.
tweek46420
2012-02-01 12:56:11 PM
Petit_Merdeux
:
The math isn't working out.
That 1000 pounds will only gross $5 million.
At $5 million, that 750 pounds is worth $6667 a pound.
Wait, let me double check, because the 500 pounds they seized would only get you $3.33 million.
So, the 250 pounds at 3.33 million is $13,320 a pound.
So if you sell the 100 pounds....
/dude, i am so baked!
anti-nescience
2012-02-01 12:57:19 PM
Do they weigh the stalks and roots?
jaylectricity
2012-02-01 12:58:41 PM
moops
:
Is it true that weed delivery services are widely available in NYC? I've been hearing this story for years that you can call someone up, make an order, and a dude shows up at your door with a bag.
Isn't that how all weed transactions go? I mean, sure yeah sometimes I have to go to his house, or we make the deal while we're on a job together.
orezona
2012-02-01 01:08:15 PM
Came for Cop Math, leaving satisfied, slightly craving some nachos...
/mmm, nachos
T.M.S.
2012-02-01 01:13:41 PM
moops
:
Is it true that weed delivery services are widely available in NYC? I've been hearing this story for years that you can call someone up, make an order, and a dude shows up at your door with a bag.
Pretty much. But instead of a bag think gigantic display of various possibilities.
And it almost always takes less than an hour.
Of course like everything else you pay for that level of service.
MT420
2012-02-01 01:18:12 PM
thats about right.. here in cali tho a lb is abot 2.5k - 3.5k ounces of death weed are 160$-350 depending on strain.. but thats patient prices
SpaceButler
2012-02-01 01:18:28 PM
jaylectricity
:
SpaceButler: jaylectricity: That's about $80 a quarter which is a decent price in NY. Depending on the quality, of course.
I don't think anyone with 1500 pounds of pot is planning to sell it off by the quarter ounce.
If a wholesaler's warehouse gets robbed, do they get to claim losses based on retail prices?
No, the guy with 1500 isn't. But the police don't estimate based on that. They base on the price the consumer will pay. The dealer isn't going to pay his supplier $7.5 million for this. He's paying $3 million, or whatever. But by the time he sells 100 pounds each to his 15 guys, he'll take in $4 million. Then those guys will sell 1-5 pounds to their guys and take in $5 million, then those guys sell ounces to their guys and take in $6 million, then those guys break it up into quarters and take in $7.5 million.
That's what prompted my question about when a wholesaler's warehouse is robbed. Are retail-level values always used for legal purposes, or is that just something they do in drug cases to inflate the numbers?
D_Evans45
2012-02-01 01:19:32 PM
Damn! You could buy over 3 pounds of dank in CA for the price of one pound out there.
Ever considered stealth cab grows, NY smokers? Seeds can be obtained easily and at virtually no legal risk, clones a bit different. But there are plenty of people willing to ship clones even to non medical states at virtually no risk, provided you download software that anonymizes your IP and e-launder your money into anonymous currency using Dwolla and a bitcoin trader.
You wont be pulling pounds in stealth cabs (google) but youll have a couple ounces of waaay cheaper smoke, and the accomplishment of taking a plant from start to finish.
/eip
//smoking your harvest is kinda fulfilling
D_Evans45
2012-02-01 01:25:06 PM
DigitalCoffee
:
About $11 per gram, twice as much as common brick but a far cry from what some of the top shelf hydro goes for.
/or so I may have heard somewhere from someone
Well gram dealing and pound dealing are apples and pineapples. If you gram out "hydro" at $25 a pop youre charging 11,000+ for a pound. Nobody is paying 11k for pot unless its diamond encrusted. There is a massive discount when you buy in weight. Single pound prices probably dont even apply here, a 150 pound order was marked down heftily I guarantee you.
Id like to hear from an NY farker who really knows street prices. I bet its closer to half that value.
Bill_Wick's_Friend
2012-02-01 01:29:11 PM
$50 - 1/4 oz
$600 - qp
$2000 - lb
All high quality dense nuggs.
Welcome to British Columbia.
/pointing and laughing at $5000 pounds and $80 eights
maddogdelta
2012-02-01 01:33:38 PM
So, after the trial, what do they do with the 50# of pot used as evidence?
Smurfme
2012-02-01 01:56:14 PM
I've been clean for over 13 years but it was only $450 per lb back then. Y'all must be hooked up with the wrong people.
D_Evans45
2012-02-01 02:05:29 PM
Bill_Wick's_Friend
:
$50 - 1/4 oz
$600 - qp
$2000 - lb
All high quality dense nuggs.
Welcome to British Columbia.
/pointing and laughing at $5000 pounds and $80 eights
California grows danker and were only running $1500/lb 8)
Suck it, overpaying Canuck.
KoRnBoY69
2012-02-01 02:07:51 PM
Well since the police only seized 750 lbs it should come out to be $1650/lbs.
Big_Fat_Liar
2012-02-01 02:15:06 PM
When you have that quantity, it makes no sense to rate the value in the max/min you would get selling it as quarters, ounces, or grams. With 1500 pounds, it will be sold in 5 or 10 pound bricks, not little baggies.
Doing otherwise would be like reporting a minor who gets busted with 4 cases of Miller LIte as having 96 x $3 (bar price for one cheap beer) = $288 worth of illegal beer and calling it a felony.
AeAe
2012-02-01 03:54:16 PM
mopar1956
:
Wait. 600 pots equal 1500 lbs. Can you really get 2.5lbs per pot? Serious question.
Sure. If you grow it outdoors for the whole season.
JackieRabbit
2012-02-01 03:55:37 PM
Smurfme
:
I've been clean for over 13 years but it was only $450 per lb back then. Y'all must be hooked up with the wrong people.
What kind of Mexican brick stuff were you smoking? That's only $28/oz. When I gave up buying pot over 20 years ago, a good bag of Columbian red bud or Hawaiian sens would set you back $120/oz. (which mad me sick, since I once only paid about $35 for it -- thank you Ronald Reagan!).
But, as I understand it, some of the pot coming out of grow houses today is much more powerful than that I used to smoke. So you need much less of it. Hence a much higher per-ouce cost.
Heads, what's the true story?
AeAe
2012-02-01 04:00:22 PM
Also, a reasonable price for 1500 lbs, at wholesale, is probably $2k to $3k a lb.
At $3k / lb, that's still 4.5mil, so not a bad catch.
I think herb is no worse for you than drinking coffee. So.. that's too bad for the guys that got caught. I hope they plea down the charges to something sane. Good luck dudes.
/ legalize
pedrop357
2012-02-01 04:40:48 PM
Big_Fat_Liar
:
Doing otherwise would be like reporting a minor who gets busted with 4 cases of Miller LIte as having 96 x $3 (bar price for one cheap beer) = $288 worth of illegal beer and calling it a felony.
Never thought about it like that. Same would go for a bottle of hard liquor. Assume that each drink is exactly 1oz (haha) and each drink is $7 (lounge pricing). 25.360517 (they would be that precise) x $7 = $177 per bottle. Two bottles and they have $355 worth of illicit liquor! Bump it to strip club prices and these minors were moving thousands of dollars in liquor for one party!!!
Mr Guy
2012-02-01 04:49:12 PM
JackieRabbit
:
Smurfme: I've been clean for over 13 years but it was only $450 per lb back then. Y'all must be hooked up with the wrong people.
What kind of Mexican brick stuff were you smoking? That's only $28/oz. When I gave up buying pot over 20 years ago, a good bag of Columbian red bud or Hawaiian sens would set you back $120/oz. (which mad me sick, since I once only paid about $35 for it -- thank you Ronald Reagan!).
But, as I understand it, some of the pot coming out of grow houses today is much more powerful than that I used to smoke. So you need much less of it. Hence a much higher per-ouce cost.
Heads, what's the true story?
I know stoners and their stoner parents, and many of the parents prefer what the younger kids would consider ditch weed, because it's more like what they've grown up with. The new designer stuff is reportedly enough stronger that many of the old original hippies can't stand it, which matches what I've been told by old hippies.
catastrophe averted
2012-02-01 05:06:47 PM
FTFA: "It was like a pot farm in there," one law enforcement source said. No, it WAS a pot farm in there. Duh.
DigitalCoffee
2012-02-01 05:44:03 PM
D_Evans45
:
DigitalCoffee: About $11 per gram, twice as much as common brick but a far cry from what some of the top shelf hydro goes for.
/or so I may have heard somewhere from someone
Well gram dealing and pound dealing are apples and pineapples. If you gram out "hydro" at $25 a pop youre charging 11,000+ for a pound. Nobody is paying 11k for pot unless its diamond encrusted. There is a massive discount when you buy in weight. Single pound prices probably dont even apply here, a 150 pound order was marked down heftily I guarantee you.
Id like to hear from an NY farker who really knows street prices. I bet its closer to half that value.
I guess.... whatever. Still cheaper than printer ink.
highwayrun
2012-02-01 07:59:01 PM
Mr Guy
:
JackieRabbit: Smurfme: I've been clean for over 13 years but it was only $450 per lb back then. Y'all must be hooked up with the wrong people.
What kind of Mexican brick stuff were you smoking? That's only $28/oz. When I gave up buying pot over 20 years ago, a good bag of Columbian red bud or Hawaiian sens would set you back $120/oz. (which mad me sick, since I once only paid about $35 for it -- thank you Ronald Reagan!).
But, as I understand it, some of the pot coming out of grow houses today is much more powerful than that I used to smoke. So you need much less of it. Hence a much higher per-ouce cost.
Heads, what's the true story?
I know stoners and their stoner parents, and many of the parents prefer what the younger kids would consider ditch weed, because it's more like what they've grown up with. The new designer stuff is reportedly enough stronger that many of the old original hippies can't stand it, which matches what I've been told by old hippies.
Wait, so these old stoners are saying, "I don't like this new stuff, because it gets me
too
high?"
I call shenanigans.
DreamyAltarBoy
2012-02-01 08:36:26 PM
highwayrun
:
Mr Guy: JackieRabbit: Smurfme: I've been clean for over 13 years but it was only $450 per lb back then. Y'all must be hooked up with the wrong people.
What kind of Mexican brick stuff were you smoking? That's only $28/oz. When I gave up buying pot over 20 years ago, a good bag of Columbian red bud or Hawaiian sens would set you back $120/oz. (which mad me sick, since I once only paid about $35 for it -- thank you Ronald Reagan!).
But, as I understand it, some of the pot coming out of grow houses today is much more powerful than that I used to smoke. So you need much less of it. Hence a much higher per-ouce cost.
Heads, what's the true story?
I know stoners and their stoner parents, and many of the parents prefer what the younger kids would consider ditch weed, because it's more like what they've grown up with. The new designer stuff is reportedly enough stronger that many of the old original hippies can't stand it, which matches what I've been told by old hippies.
Wait, so these old stoners are saying, "I don't like this new stuff, because it gets me too high?"
I call shenanigans.
Nah, it's true, the old guys don't like being couch bound, they don't play video games.
wumpus
2012-02-01 08:36:50 PM
In mid-michigan it's about $6720 a pound grammed out; I'd do $5370 wholesale. Of course I never keep that much on hand, to keep it (medical)legal.
AeAe
2012-02-01 08:56:38 PM
wumpus
:
In mid-michigan it's about $6720 a pound grammed out; I'd do $5370 wholesale. Of course I never keep that much on hand, to keep it (medical)legal.
That seems crazy expensive to me. What was it? Sour diesel?
DigitalCoffee
2012-02-01 09:27:15 PM
AeAe
:
wumpus: In mid-michigan it's about $6720 a pound grammed out; I'd do $5370 wholesale. Of course I never keep that much on hand, to keep it (medical)legal.
That seems crazy expensive to me. What was it? Sour diesel?
Crazy expensive? More like a trainwreck.
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