The high grade green obsidian comes from near Burns Oregon.
It is prized by knappers and rock hounders, but available and not too expensive.
Maybe $4 a pound, as a ball park figure. High grade stuff
Average obsidian with flaws and cracks can be had as low as 50 cents to a dollar per pound, such as you have.
Usually people want obsidian that can be spalled or sawed without falling apart.
Did you know there are over 200 varieties of obsidian ?
Many odd colors and sheens and high grade rainbows that will knock your socks off.
Possible you might find someone such as a facetor that could make a pretty stone for jewelry out of this ... or a cabochon is another possibility.
Jamie, Post 12: Nice Picture

I'm just guessing, but that point has the look of modern points made in Mexico and long distributed amongst tourists.
If you're seeing green in it that would confirm my suspicions even more. It's hard to say.