Tuesday, July 9, 2019

Cocaine on the rise in Canada - CSIS

CSIS is sounding the alarm about the marked rise in popularity of coke in a recent report on the state of the drug market. "From 2015 to 2017, the consumption rate has doubled from 1% (of the population), or 353,000 consumers, to 2% with 730,000 consumers," says the spy agency. The same situation is observed globally, "in parallel with the increase in cocaine production in Latin America".
"large quantities of cocaine" are imported into the country.
In 2018, 496 of the 664 organized crime groups tracked were involved in the cocaine trade in Canada, up 5% from 2015. Cocaine rings tend to be controlled by large organized crime groups. Despite rising demand, the price of cocaine in Canada has been stable for 2 decades, at about $ 100 per gram on the street, or between $ 50,000 and $ 65,000 per kg. The market in Canada is estimated at over $2b.

The UN Office on Drugs and Crime reported that a historic peak of 1976 tons of cocaine was produced worldwide in 2017.