On January 22nd, U.S. Customs and Border Protection officers from the Lewiston-Queenston Bridge border crossing in Niagara County, New York inspected a commercial shipment that arrived at the Lewiston Bridge commercial warehouse.
Initial inspection of the shipment revealed cans labeled as “Moose” and “Husky.” When opened, the cans yielded more than 1.2 pounds of marijuana.
The marijuana was obviously en-route from Canada, where high-quality cannabis costs an average of $7.69 CAD per gram, equivalent to approximately $6.21 USD at current exchange rates.
That's extremely cheap when compared to prices in New York's black market, where the same high-quality marijuana can fetch an average price of $339.19 USD per ounce, equivalent to roughly $11.96 per gram.
Smugglers able to make this arbitrage capture roughly 48% profit margins, although it's clearly not worth the risk.
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