Winnipeg Police Officers took down a $1.5 million dollar marijuana grow operation from a Lindenwoods home Wednesday.
A search warrant was executed at a home in the first 100-block of cul-de-sac Castlebury Court March 21.
Once inside, police found 1,360 marijuana plants, worth $1,523,200 if sold on the street.
They also found $45,000 in packaged pot, about 18 lbs., $25,000 worth of grow equipment and $1,150 cash.
A 41-year-old female and 55-year-old male are facing numerous drug-related offences.
Both were released on promises to appear.
So how do the Police arrive at a street value estimate?
The average marihuana plant will yield approximately four (4) ounces per plant.
(This is an intentional low yield estimate to arrive at a fair street value estimate.)
1,360 plants x 4 oz = 5,440 oz
5,440 oz x 28 grams = 152,320 grams
152,320 grams x $10 = $1,523.200
Depending on supply & demand, the average price on the street for one gram of marihuana is ten (10) dollars. Hence a street value of $1,523,200.
Eighteen (18) pounds of marihuana = Two hundred eighty eight (288) ounces.
Two hundred eighty eight (288) ounces of marihuana = Eight thousand and sixty four (8,064) grams
If Cheech Marin smoked one (1) gram of marihuana a day – Eighteen (18) pounds of marihuana would provide him with enough weed to last him for over twenty-two (22) years.
That’s a lot of weed.