CRIMETHE RIO TIMES
Cocaine Now Out-Earns Oil in Colombia, a New Study Finds
A new university study finds cocaine revenue in Colombia reached 4.4 percent of the country's economy in 2024, amounting to $16.5 billion captured by criminal groups. This marks the first year since 2014 that cocaine out-earned oil.
Related Signal
Adjacent reporting
- England's £10BILLION annual cocaine habit: Users hoovered up almost 130 tonnes of the Class A drug in a YEAR according to official study that analysed sewage to find hotspots
- Spain seizes record amount of cocaine in Atlantic Ocean, authorities say
- Coast Guard seizes over 4,500 pounds of cocaine worth $34M from suspected narco-terrorist vessel on Easter
- Spanish police seize record-setting 30 tones of cocaine
- Australian police uncover 3 tons of cocaine
- Feds seize $6.4M worth of cocaine aboard oil tanker at Port of Los Angeles, arrest suspected cartel smuggler