Here’s some news you may have missed while you were doing your “pot weed.”
New Jersey Tokers Are Paying Way Too Much
On March 7, authorities at a Philadelphia shipping port discovered 614 pounds of cannabis hidden in a shipping container originating from Puerto Rico and bound for New Jersey. While it was one of the largest cannabis seizures in the Port of Philadelphia’s history, the “estimated street value” of what authorities found is worth a quick breakdown.
Per High Times, officials found “252 bricks of cannabis hidden under the floor of the shipping container,” totaling the aforementioned 614 pounds. Law enforcement announced it had an estimated street value of $2.5 million. That works out to $4,071.66 per pound, or $254.48 per ounce. It’s possible that there exists a sizable market of people looking for Puerto Rican bricked weed on the streets of New Jersey, but not at $250 an ounce.