Miami coke fiends better get ready for a price hike

I Remember the old days in Miami when the Cocaine Cowboys were running the city, but now they seem so low key. We know it is just as bad as the X in Miami clubs. I guess they learned their lesson and are using  club drug pimps to push thier product. Prices will go up after this bust.MEXICO CITY — A cocaine shipment seized by Mexico last week could have been worth as much as $2.7 billion on U.S. streets and the Mexican government said on Monday it belonged to Mexico’s most wanted man, drug lord Joaquin “Shorty” Guzman.

Police, navy and customs officers found the 23.5 tons of drugs hidden in a shipment of plastic floor-covering aboard a Hong Kong-flagged container ship at Mexico’s Manzanillo port on the Pacific. The vessel came from Colombia and the drugs haul was the biggest ever seized by authorities, Mexico said.

“This is the world’s biggest cocaine seizure … and we believe it belonged to the Pacific cartel,” Attorney General Eduardo Medina Mora told reporters, referring to the drug gang that Guzman leads and that U.S. officials call the Sinaloa consortium.

U.S. Ambassador to Mexico Antonio Garza put the value of haul at $400 million. But the U.S. government said last month the average price of the drug on U.S. streets had risen to $118.70 per gram in the first six months of the year. That would give the Mexican haul an implied street value of some $2.7 billion.

Full Story: Fox

Filed under: Drugs, Mexico, News, cocaine