BBC published an interesting report suggesting the recent purity of drugs like cocaine was causing higher incidences (+150% on 2013) of overdoses causing problems for A&E wards. A while back I read all 300 odd pages of UNODC’s narcotics report and concluded that narcotics markets are good economic indicators. The inverse correlation of price and purity is profound. As economic conditions worsen, prices decline and purity goes up. The value proposition is in full effect. Moreover the substitution effect of traditional narcotics has to cope with synthetic drugs like ice, crystal meth, krokodil and oxi which give 5x the bang for 1/5th the price with 100x the side effects.
I am working hard with an American listed company to get a drug – which stops drug addiction – approved and sold in Australia where the ice epidemic is out of control. Exciting stuff.