Houston Chronicle, United States - Dec 23, 2007
The popular drug's prices have changed little in 25 years
A car, a home, a gallon of milk — most everything costs more now than a generation ago. Except a baggie of Mexican marijuana.
Give or take a few dollars, authorities say, pot grown in Mexico and sold in Houston and other Texas cities still goes for about the same price as 25 years ago: $60 to $80 for an ounce.
In economic terms, marijuana is far cheaper since the decade when a three-bedroom home in upscale West University cost $150,000, a new ride was less than $6,000 and first lady Nancy Reagan urged kids to "Just Say No."
"I guarantee you it is probably cheaper than it was back in the day," said Lt. Gray Smith of the Houston police narcotics division. "Since I've been in the dope business, it has been pretty much the same," he said of prices during 20 years of monitoring sales.