Cocaine Is Pouring into the U.S. Again, Thanks to Resurgent Colombian Drug Cartels

The days of free-flowing cocaine in America’s streets are back, thanks to a revival, of sorts, among Colombia’s drug cartels.

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According to The Daily Caller, agents with the Drug Enforcement Administration are saying they haven’t seen this much cocaine smuggled into South Florida since 2007, and that Colombian cartels are responsible for about 90 percent of it.

“There is a mountain of cocaine, much of it is likely headed our way,” says Justin Miller, intelligence chief for the DEA’s Miami field division.

Although cultivation of the coca crop in Colombia had been in decline for years now, it is back with a vengeance. As a matter of fact, it is said that so much of the crop is now being grown, excess leaves are being left to rot in the fields.

Disturbingly, the use of cocaine by younger Americans rose between 2013 and 2015, matching the time frame during which cultivation of coca in Colombia was noticed to be on the rise again for the first time in years. Overall, 13 percent of the fatal drug overdoses in the U.S. in 2015 were attributable to cocaine use.

What’s more, according to U.S. Customs and Border Protection, 9,500 pounds of cocaine was seized in Florida during 2015, which represents a whopping 61 percent increase over the amount seized the year before.

Experts say that the production spike in Colombia is so sharp…that the full effects of it have yet to be felt in the U.S., which means that all of the relevant numbers, including the number of users and number of cocaine-related deaths, are only going to rise in the near term.

The information contained here is for general information purposes only. The Financial Writer blog and Bob Yetman disclaim responsibility for any liability or loss incurred as a consequence of the use or application, either directly or indirectly, of any information presented herein. Nothing contained in this article, or any other article featured at this blog, should be construed as a solicitation or recommendation to engage in any financial transaction. You should seek the advice of a qualified professional before making any changes to your personal financial profile.

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