Re:Colombia is considering legalizing its cocaine industry
by nicoburns on Thursday December 03, 2020 @12:19PM
(#25291445)
Indeed, for reference my understanding is that street cocaine usually sells for £50-£100/gram in the UK, and that this is usually cut with other substances. Whereas in Colombia you can get what people tell me is much purer cocaine for £3/gram.
A LOT of that £2.7bn is in smuggling costs.
Re:Colombia is considering legalizing its cocaine industry
by erdos4d on Thursday December 03, 2020 @01:06PM
(#25292197)
Almost all of it is. I'm in Ecuador and its about $5/g here, hell if you stay at a touristic place and drop some money, I bet they'd comp your coke just to get you into the room right now. Its dirt cheap anywhere in South America.
That is not the industry literally inside columbia, rather the value of cocaine as exported from columbia. Legalizing cocaine in-country would not legalize the international smuggling network. For the columbian government to sell all that cocaine they would still have to smuggle it out to customers. The americans/UK/Canada/europe/russia/china would not accept such international behavior.