Today, police laid out 16 pounds of the stuff they said they confiscated from a high-level dealer who supplied the suburbsâ¦
Police put the value of the marijuana at $812,000. On Tuesday, as the probe continued, investigators seized 12 pounds of hallucinogenic mushrooms worth $614,000 and more than $439,000 in cash, police said. [Philadelphia Inquirer]
Really?!? Let's do the math. $812,000 / 16 pounds / 16 ounces / 28.3 grams = $112.08 per gram. That's a hearty marijuana joint for $112. The same formula finds them valuing the mushrooms at a whopping, and oddly similar, $113 per gram.
Just look at High Times Magazine's Market Quotes for marijuana to see that the highest street prices come nowhere close to these wildly false numbers. A gram of the very best pot can fetch $25-30, usually less. It is literally as though they calculated the value of the seizure and added a zero at the end (actually that's currently my best guess as to what happened here).
This is what we get when reporters simply pass along claims from police regarding drugs. Law-enforcement's lack of expertise on certain drug-related matters, combined with their incentive to exaggerate their own achievements, creates an obvious imperative that the press seek to substantiate such claims before offering them to the public.
This announcement from The Philadelphia Inquirer that marijuana costs $100 per joint is just a perfect example of the media's ongoing failure to provide responsible coverage of the war on drugs.
[Thanks, Irina]
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