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Friday, August 28, 2009
US Drug Traffic Earns $63 bn Per Year: Official
From The Business Standard:
Drug trafficking in the United States generates an annual income of $63 billion, Mexico's Secretary of Public Safety said.
Genaro Garcia Luna told a security forum in the border city of Ciudad Juarez — the epicentre of Mexico's drug violence — that a kilo of cocaine in Europe or the United States can sell for almost 50 times as much as it sells for in some Latin American countries.
"The cost of cocaine per kilogram in a country like Colombia or Mexico is $2,198, but in cities inside the United States or Europe people buy it for up to $97,400 per kilogram," Garcia Luna said yesterday.
Read more ....
Update: Drug Cartels Make $64 Billion a Year from U.S., Mexican Says -- Latin American Herald Tribune
My Comment: I expected a higher number.
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