The Coast Guard Cutter Legare lightened its load by about 12 tons of cocaine and around one ton of marijuana Tuesday afternoon at Port Everglades.
The drugs have a total wholesale value of $390 million, and a street value of almost $1 billion.
This load is the result of 17 pickoffs of drug smuggling boats off the coasts of Central and South America by Coast Guard Cutters Legare; Reliance; Decisive; Steadfast; Dependable; and Harriet Lane; and Canadian Navy HMCS Edmonton and Whitehorse.
The 24,886 pounds of cocaine works out to 11,311,818 grams. Using Narcotics News' ranges of Miami street prices for a gram of cocaine, that works out to $622 million to $1.3 billion of cocaine. The 2,664 pounds of marijuana is 1,210,909 grams. Bloomberg News placed Miami street prices at $9.27 per gram in January, making those bales of weed worth $11,225,127 on the street.