/ 28 June 2023

A cocaine bear market

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We don’t like to start rumours, but that really intense friend of yours with the sniffles might actually be part of a booming cocaine market, if the latest UN study is anything to go by… The latest World Drug Report released yesterday estimates that the number of worldwide cocaine users (currently estimated to be 22 million) is growing steadily, and the most recent data on the drug’s production points towards a, ahem, record high. On the flip side, cocaine seizures are outpacing the growth in cocaine production, which the report says means that the actual amount of cocaine being sold to users could be less than it was in the mid-2000s. However, Australia got a special mention – the report noted our relatively high prevalence of cocaine users. Maybe it’s time to check in on that friend…

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