ST. LOUIS (KMOV.com) – Police are looking for the thieves targeting local Family Dollar stores and stealing Tide Laundry Detergent to exchange for drugs on the street.
According to police, a 150 ounce bottle of Tide sells for about $5 in cash or $10 worth of marijuana and crack cocaine. Because Tide is a staple in households, police say it is an ideal currency for drugs and since there are no serial numbers it is impossible to track.
The exchange of stolen Tide for drugs was initially noticed by officers across the nation a few years ago.
Some stores are losing more than $10,000 a month due to the thefts. The FBI estimates that organized retail theft costs retailers near $30 billion a year.