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(Fox News) Unlikely 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   (foxnews.com) divider line 56
More: Unlikely, street value, apartment complex, estimates  
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3332 clicks; posted to Main » on 01 Feb 2012 at 12:29 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



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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.
 
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!
 
2012-02-01 10:59:52 AM
Cop math.
 
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.
 
2012-02-01 11:45:22 AM
4funz.com
 
2012-02-01 12:32:00 PM
By the time this thread is over, people will think that weed costs 3 dollars a pound.
 
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.)
 
2012-02-01 12:33:27 PM
From what I hear around here $5000 is about the going rate for a pound of weed.
 
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
 
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.
 
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
 
2012-02-01 12:37:41 PM
And somehow my pot delivery was not disrupted last night. Keep up the good work officers.
 
2012-02-01 12:39:01 PM
Look, you are all wrong, pot in.........woah.....look at my hands....
 
2012-02-01 12:41:09 PM
moops: /brickweed is evil.

bears bears bears
 
2012-02-01 12:42:25 PM
So the cops checked 200 pounds into evidence, right?

/amidoinitright?
 
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.
 
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?
 
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
 
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?
 
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.
 
2012-02-01 12:54:19 PM
Wait. 600 pots equal 1500 lbs. Can you really get 2.5lbs per pot? Serious question.
 
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.
 
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!


www.powderblueorbit.com
 
2012-02-01 12:57:19 PM
Do they weigh the stalks and roots?
 
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.
 
2012-02-01 01:08:15 PM
Came for Cop Math, leaving satisfied, slightly craving some nachos...

/mmm, nachos
 
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.
 
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
 
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?
 
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
 
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.
 
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
 
2012-02-01 01:33:38 PM
So, after the trial, what do they do with the 50# of pot used as evidence?
 
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.
 
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.
 
2012-02-01 02:07:51 PM
Well since the police only seized 750 lbs it should come out to be $1650/lbs.
 
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.
 
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.
 
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?
 
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
 
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!!!
 
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.
 
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.
 
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.
 
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.
 
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.
 
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.
 
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?
 
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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