Coast Guard Brings $325 Million of Cocaine and Marijuana into Port Everglades
The Coast Guard Cutter Hamilton (WMSL 753) crew stands amongst approximately 11,500 pounds of cocaine and approximately 17,000 pounds of marijuana, Aug. 27, 2020, Port Everglades, Florida. (Brandon Murray/U.S. Coast Guard)
28 Aug 2020
Miami Herald | By David J. Neal
MIAMI -- About 11,500 pounds of cocaine and 17,000 pounds of marijuana were offloaded at Port Everglades Thursday morning from the U.S. Coast Guard Cutter Hamilton, according to the Coast Guard's Seventh District Southeast.
The drugs were seized from operations in the Eastern Pacific Ocean and the Caribbean Sea. The Coast Guard puts the value at $228 million, a wholesale number.
As for what that means on a Miami street in cash, 11,500 pounds is 5,227 kilograms. A DEA agent talking to the South Florida Sun Sentinel in 2017 put the per gram price at $50 to $80, which means a kilo goes for at least $50,000. That puts the cocaine's Miami street value at, minimum, $261,350,000.
https://www.military.com/daily-news/2020/08/28/coast-guard-brings-325-million-of-cocaine-and-marijuana-port-everglades.html
