As far as I know illegal drugs do not come with UPC symbols or price tags, so my question is: how are illegal drugs seized by law enforcement valued? My question is prompted by an endless stream of articles especially from the Border states announcing eye-popping drug seizures like this one from Gustavo Solis at SignOnSanDiego:
U.S. Border Patrol agents foiled two drug smuggling attempts over the weekend resulting in the seizure of $676,880 worth of cocaine, crystal methamphetamine and marijuana.
The first seizure occurred about 3:20 a.m. Saturday when agents at the Interstate 8 checkpoint near Pine Valley stopped two men in a 1980 Chevrolet Camaro. The men, 36 and 25 years old, were from Mexico but legally in the United States.
With the help of a police dog, agents discovered in the Camaro nearly 41 pounds of cocaine worth an estimated $409,400 and about 9 pounds of crystal methamphetamine worth an estimated $164,700. The men were taken into custody and their car was seized, agent Scott Simon said.
The second seizure occurred about 12:15 a.m. Sunday at the I-8 checkpoint when agents stopped a 36-year-old U.S. citizen driving a 1993 Toyota 4 Runner. The driver appeared to be extremely nervous, so his truck was referred for a secondary inspection.
Agents searched the vehicle and discovered metal casings in all four tires and 24 black-taped bundles of marijuana. The marijuana totaled about 171 pounds and was worth an estimated $102,780. The suspected smuggler was taken into custody and his truck was seized, Simon said.
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I'm dubious about how law enforcement sets these valuations. I wonder whether there has ever been a rigorous study on this issues. I mean since we all know that law enforcement is nothing but a bunch of sweethearts who are invariable filled with proper levels of righteous integrity in all that they do for us, can we trust their numbers? Is there ever any exaggeration? A wee bit? Maybe?
Thursday, July 21, 2011
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ReplyDeleteAt this time there are many people take a drug for its proper health. In the police investigation, they found the 41 pounds of cocaine.
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ReplyDeleteThe marijuana pricing is an accurate estimate. Law enforcement uses a national average based on the black market value of marijuana on the street. If you take the $ value here, divide by 171 pounds, then divide by 16 ounces, you get the price per ounce at $37.56579. This value is fairly consistent with about a price of $40/ounce on the streets.
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