Let's take this news from Hampton police unquestioningly, at face value. After all, the Daily Press has:
HAMPTON - Police confiscated $1.2 million worth of illegal drugs and more than $68,000 in cash from concertgoers arrested over three nights of Phish shows.
There were 194 concertgoers and others in the area of Hampton Coliseum charged with various misdemeanor and felony offenses — mostly possessing, using and selling drugs. Some faced multiple counts, for a total of 245 charges in all.
Of course they seized USD1.2million worth of drugs. If the police say that, then that's what they did. However ridiculous that figure might make the police sound.