Jun 01 2007

Pot bust threatens US balance of trade with Mexico and British Columbia

Published by at 2:06 pm under Balance of Trade,Coase Theorem,Humor

The Columbus Dispatch : Pot growers hid on 2 acres of state landwacky tabaccy

Okay, so maybe my headline is a bit of a stretch… but man, how did these guys almost get away with this? Two Mexicans on two acres of land in the middle of Ohio, growing $10.5 million worth of pot!?

Officers from four agencies descended on Mackey Ford Wildlife Area on Rt. 762 in Pickaway County yesterday morning to bag more than 10,000 immature marijuana plants. The crop would have been worth an estimated $10.5 million on the street if harvested.

What’s unusual about the operation, besides its size, is that the growers were living in the woods with the plants. And they appear to have been from Mexico.

“This is common on the West Coast,” said Scott Duff, an agent with the Bureau of Criminal Identification and Investigation. “But we’ve never seen this here. It’s new territory for us.”

John Whitehead at Environmental Economics thinks there may be another example of the Coase bargaining theorem here… if only these guys weren’t off to federal prison:

Environmental Economics: Well it is public land afterall!

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About the author:  Jason Welker teaches International Baccalaureate and Advanced Placement Economics at Zurich International School in Switzerland. In addition to publishing various online resources for economics students and teachers, Jason developed the online version of the Economics course for the IB and is has authored two Economics textbooks: Pearson Baccalaureate’s Economics for the IB Diploma and REA’s AP Macroeconomics Crash Course. Jason is a native of the Pacific Northwest of the United States, and is a passionate adventurer, who considers himself a skier / mountain biker who teaches Economics in his free time. He and his wife keep a ski chalet in the mountains of Northern Idaho, which now that they live in the Swiss Alps gets far too little use. Read more posts by this author

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