The Economist notes:
THE street price of cocaine varies enormously. The drug costs less in South and Central America, where most cocaine is produced, but it is also low in Morocco, a trafficking destination. Worldwide, prices range from $2 a gram in Panama to over $300 in New Zealand, according to the UN’s World Drug Report. Generally, the farther away a country from the main producers and the more isolated it is, the higher the price charged. The priciest places for a cocaine habit are New Zealand and Australia, where a gram typically costs $312 and $285 respectively. Prices in Canada and America, after years of cheaper drugs for Canadians, are now on a par at around $97 a gram.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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