Really? That’s What Seized Cannabis is Worth?

Article by Angela Stelmakowich, Growth Op

NEWS Really? That’s what seized cannabis is worth? It’s not clear what the rules are when it comes to determining how much cannabis or marijuana plants are actually worth “on the street.” By Angela Stelmakowich Several factors are likely to be considered when police release value estimates. / Photo: MJ_Prototype / iStock / Getty Images Plus It seems that determining the value of cannabis seized by police is all about potential, with a bit of PR mixed in. Similar to licit markets, “drug prices are moderated according to relative supply and demand. / Photo: vmargineanu/Getty Images / Photo: vmargineanu/Getty Images “There is no way that 247 lbs is worth anywhere near ($2) million dollars.” / Photo: cheonlijyang / iStock / Getty Images Plus cheonlijyang / iStock / Getty Images Plus With the different considerations and motivations, understanding the value of weed seizures, really, will likely prove challenging for some time yet. / Photo: iStock / Getty Images Plus iStock / Getty Images Plus

It seems that determining the value of cannabis seized by police is all about potential, with a bit of PR mixed in.

Estimating what a pot seizure is “worth” appears to be a fairly fluid, some might say slippery. Just consider these recent examples from around the world (all reported values have been converted to Canadian dollars): more than 870 marijuana plants worth $870,000 in Ontario; 1,740 kg of cannabis valued at about $10.6 million in Buffalo; 480 kg of marijuana worth $36,000 in India; and 2,426 cannabis plants worth more than $850,000 in the U.K.

Perhaps most intriguing, though, was the two stolen plants in Oklahoma that were valued at U.S. $3,000. The owners said the plants were taken from the background where they were being grown, although the Ardmore Police Department noted there was no evidence to suggest how the suspect or suspects entered the area, according to The Daily Ardmoreite.

(Medical cannabis is legal in Oklahoma to treat certain conditions, as is consumption at home. Without a medical licence, possessing more than about 40 grams of cannabis can result in a misdemeanour charge and penalty, but no jail time).

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