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CBS News was there when the U. Coast Guard unloaded nearly one billion dollars worth of seized drugs in San Diego. Just seeing it for the first time, and seeing the sheer amount of drugs on it — almost 18, pounds. This year for the Coast Guard, working with the military and U. The Coast Guard estimates it is only catching a third of what’s out there. Commandant Paul Zunkuft says the reason more cocaine is economics. As for the cocaine? Some will be kept for evidence, but most will be incinerated at a secret location. Share Tweet Reddit Flipboard Email. Scott Perrygo was part of the team. Coast Guard. Nearly smugglers have been arrested so far this year. CBSN Live watch.
‘The real drugs millionaires are right here in the United States’
In the past week, reports crossed our desks from two Volusia County law enforcement agencies showing very different estimates. The sheriff’s department itself gave two values. The sheriff’s department seized 4 kilos of cocaine Monday from a car driven by a couple from Jacksonville. Vogel said his higher figure reflects the average retail price for 90 percent-pure cocaine diluted the maximum number of times, then sold in the Northeast. According to the federal Drug Enforcement Agency in Miami, percent pure cocaine is rare. So what’s the big deal? For one thing, news value. In the newsroom, a million-dollar bust is likely to get screaming headlines, but a much smaller one isn’t. A larger seizure is more likely to make the front page and nightly news. The press and the public like solid figures. However, in the drug world, they aren’t easy to track down. Obviously, underworld prices aren’t fixed. Like their law-abiding counterparts, merchants in the drug world give discounts to customers who buy in bulk, Fernandez said. A drug buyer pays less for a kilo if he buys 10, rather than 2 kilos. Also, dealers who have been in business longer have lower overhead than newcomers and can undercut them, he says. And prices vary among regions. Cocaine is much cheaper in areas where it is directly shipped or flown. It costs less in Miami than in Daytona Beach, and much less here than in the Northeast. Vogel disagrees.
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Efforts to staunch the flow of cocaine in recent years have focused on the source — ripping coca plants out of the ground or dousing them with herbicide. And attacking cocaine production at the source has yielded some success at the beginning of that supply chain. In , Colombia, Bolivia, and Peru — the drug’s three biggest producers — destroyed some , acres of the crop, up from 15, in Read more: Billions of dollars of cocaine are smuggled into the US by sea every year, and the Coast Guard says it can only stop one-quarter of it. But the drag created on the production of the cocaine that’s shunted north toward the voracious US market doesn’t seem to be reflected in the price of the drug on US streets in recent years. The static nature of cocaine prices can likely be explained by the hold cartels and other traffickers have over the cocaine market at its origins — specifically their ability to dictate prices to producers. Wainwright elaborated:. Wainwright explained the Walmart comparison in his book. For farmers and manufacturers, «Their complaint is that Walmart and other big chains have such a big share of the groceries market that they are able more or less to dictate terms to their suppliers. Average prices of cocaine in the US at the retail and distributor level over the past 30 years. US government data. Walmart, one of the world’s biggest retailers, and the drug cartels that control the world’s cocaine market are vastly different enterprises — most significantly in that Walmart is a legal business operating in accordance with national and local regulations, while cartels are organized-crime groups operating outside the law. Just as Walmart’s suppliers can strain under the low prices that the retailer can dictate, coca farmers are caught between pressure on their crops from authorities and prices dictated by traffickers. It’s not hitting the cartels. It’s not hitting the consumers in the States or in Europe. The people that it’s really damaging are the farmers who grow this stuff. To produce a kilogram 2. Read more: The Coast Guard is catching more drug-running subs, but most ‘very stealthy’ narco subs are probably going undetected. In this January 7, , photo, coca paste ready for sale sits in the kitchen of a home in the mountain region of Antioquia, Colombia. Later, at some point along the way, the paste is made into cocaine that is eventually sold on the streets of such places as New York and Amsterdam for many thousands of dollars. The actual price paid by the street-level customer can vary based on location, purity, and other factors. But overall, «You’re going from hundreds of dollars to hundreds of thousands of dollars. That’s why the profits involved in this business are just so sky-high,» he added. Read more: Colombia is trying to root out the cocaine trade, but farmers are relying on it as an ‘insurance policy’. According to Wainwright, the pressure eradication efforts put on cocaine’s source have little impact on the consumer.
Efforts to staunch the flow of cocaine in recent years have focused on the source — ripping coca plants out of the ground or dousing them with herbicide. And attacking cocaine production at the source has yielded some success at the beginning of that supply chain. InColombia, Bolivia, and Peru — the drug’s three biggest producers — destroyed someacres of the crop, up from 15, in Read more: Billions of dollars of cocaine are smuggled into the US by sea every year, and the Coast Guard says it can only stop one-quarter of it.
But the drag created on the production of the cocaine that’s shunted north toward the voracious US market doesn’t seem to be reflected in the price of the drug on US streets in recent years. The static nature of cocaine prices can likely be explained by the hold cartels and other traffickers have over the cocaine market at its origins — specifically their ability to dictate prices to producers. Wainwright elaborated:. Wainwright explained the Walmart comparison in his book.
For farmers and manufacturers, «Their complaint is that Walmart and other big chains have such a big share of the groceries market that they are able more or less to dictate terms to their suppliers. Average prices of cocaine in the US at the retail and distributor level over the past 30 years.
US government data. Walmart, one of the world’s biggest retailers, and the drug cartels that control the world’s cocaine market are vastly different enterprises — most significantly in that Walmart is a legal business operating in accordance with national and local regulations, while cartels are organized-crime groups operating outside the law. Just as Walmart’s suppliers can strain under the low prices that the retailer can dictate, coca farmers are caught between pressure on their crops from authorities and prices dictated by traffickers.
It’s not hitting the cartels. It’s not hitting the consumers in the States or in Europe. The people that it’s really damaging are the farmers who grow this stuff. To produce a kilogram 2. Read more: The Coast Guard is catching more drug-running subs, but most ‘very stealthy’ narco subs are probably going undetected.
In this January 7,photo, coca paste ready for sale sits in the kitchen of a home in the mountain region of Antioquia, Colombia. Later, at some point along the way, the paste is made into cocaine that is eventually sold on the streets of such places as New York and Amsterdam for many thousands of dollars. The actual price paid by the street-level customer can vary based on location, purity, and other factors.
But overall, «You’re going from hundreds of dollars to hundreds of thousands of dollars. That’s why the profits involved in this business are just so sky-high,» he added. Read more: Colombia is trying to root out the cocaine trade, but farmers are relying on it as an ‘insurance policy’. According to Wainwright, the pressure eradication efforts put on cocaine’s source have little impact on the consumer. Account icon An icon in the shape of a person’s head and shoulders.
It often indicates a user profile. Login Subscribe. My Account. World globe An icon of the world globe, indicating different international options. Christopher Woody. Authorities have been trying to crack down on the cocaine trade for decades. But those efforts have had little effect on the price of the drug. Here’s how the actions of cartels and drug smugglers distort that market.
Read more: Billions of dollars of cocaine are smuggled into the US by sea every year, and the Coast Guard says it can only stop one-quarter of it But the drag created on the production of the cocaine that’s shunted north toward the voracious US market doesn’t seem to be how much money could make for a kilo of cocaine in the price of the drug on US streets in recent years.
Coca Leaf Drug trafficking drug cartels.
Why The Price Of Cocaine In America Has Barely Moved In Decades
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