Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

Cocaine & Meth Prices Get High

Drug fighters encouraged as hefty price hikes signal supply shortage

By Asta Hostetter,  Newser User

Posted Nov 9, 2007 3:00 AM CST

(Newser) – Prices for cocaine and methamphetamine have jumped for the fourth quarter in a row, indicating a short supply of the dangerous drugs, according to the latest figures from the federal Drug Enforcement Administration. A gram of pure cocaine cost $137 in September, up from $93 last year, and meth jumped from $133 to $245.

"I don't think anyone is prepared to declare victory, but this is certainly encouraging news," said one official. But some challenge the logic of celebrating high drug prices. “When prices go up, drug cartels are making money. More people are going to enter the market because it's more profitable," said one observer.

Police officers stand next to packages of cocaine seized from a ship last week in the port of Manzanillo, western Mexico and showed to the press Monday, Nov. 5, 2007 in the same city. The seizure, around 23.6 metric tons (26 tons) of cocaine, is considered to be one...
Police officers stand next to packages of cocaine seized from a ship last week in the port of Manzanillo, western Mexico and showed to the press Monday, Nov. 5, 2007 in the same city. The seizure, around...   (Associated Press)
In this undated file photo released by the Community Partnership, methamphetamine, colored with strawberry-flavored children's drink mix is shown in Springfield, Mo. The latest meth cut, known as Strawberry Quick, uses powdered drink mix to give the drug a pink coloring. The sweetness of the powder can make meth more...
In this undated file photo released by the Community Partnership, methamphetamine, colored with strawberry-flavored children's drink mix is shown in Springfield, Mo. The latest meth cut, known as "Strawberry...   (Associated Press)
!!!
!!!   ((c) maveric2003)
  ((c) 0595)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Feds Helped Mexican Drug Honcho Move Millions

Mexico Decriminalizes Small-Scale Drug Possession

Bolivia Prez Shuts Down 'Spying' US Drug Team

Cities' Sewage Serves as Giant Drug Test

Snow Job: 21-Ton Coke Bust


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne