…Cocaine Is Making A Comeback
1. Cocaine is cheap, relative to other drugs, and has become even more of a designer drug. While meth remains drug enforcements biggest concern, cocaine has re-emerged as a cheaper alternative for dealers looking to move large volumes. As News10 in California notes, meth is currently going for $22,000 per pound, while coke is fetching $10,000. Dealers are also cutting it with flavorings like strawberry, mint and lemon to appeal to teens.
2. Both acreage dedicated to coca bush production and plant yields are rising. In Peru, plots have increased by one-third since 1999, to about 127,000 acres, and other South American countries have seen similar effects. Some experts have noted that the density of coca plantings has increased dramatically and fertilizers have helped leaves yield a higher proportion of cocaine alkaloid, the active ingredient in cocaine.
3. Despite the most recent financial crisis facing the U.S., developed economies across the world have prospered. With prosperity comes disposable income, which inevitably leads to “recreational activities.
4. Facing higher demand, and the growing disparity in income levels with producing nations, there are few better alternatives for some farmers to make a living. A farmer in Peru says, “Here, there is no alternative to coca. They come and they offer us a few chickens and some cacao. How am I to survive on that?”
5. It’s getting harder to catch traffickers, despite best efforts. The traditional cartels have broken down into a series of international, smaller-scale entrepreneurs. “We’re up against an army of ants,” quotes General Miguel Hidalgo, head of Peru’s national anti-drug police. In addition, many South American rebel groups have recognized that trafficking is in fact a lucrative operation and is eschewing political ideology in the face of business theory.
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