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- The first few weeks were met with extremely high demand, most shops being out of stock after operating for only four days.
- “Tar” heroin is usually sold in small balloons from which the user extracts the sticky substance from the balloon by mixing it with water over heat.
- The economic impact of substance misuse is estimated to be $193 billion for illicit drug use.
The black market is a thriving hub for illegal drugs, and some of these substances come with a hefty price tag. In this article, we will explore the most expensive drug in the black market, its origins, effects, and the consequences of its illegal trade.
What is the Most Expensive Drug in the Black Market?
Illegally Logged Timber
The title of the most expensive drug in the black market goes to Rhino Horn, which can sell for up to $300,000 per kilogram. Yes, you read that right. Rhino horn is made from the horns of rhinoceroses, which are then ground up and used in traditional Chinese medicine.
Why is Rhino Horn So Expensive?
Second, recreational stores pay for stuff like licenses, testing, marketing, rent and utilities, and they need to charge more to make up for that. Third, that “risk premium” that a dealer in the illicit market faces is potentially smaller in recreational market states where possession of a small amount is legal in the eyes of the state. Finally, legal weed is typically higher potency, higher quality, and is less likely to have contaminants than illicit product, all of which can help command a higher price.
Rhino horn is expensive due to its rarity and the belief that it has medicinal properties. Despite scientific evidence debunking these claims, the demand for rhino horn remains high, particularly in Asia. This high demand has led to rampant poaching, threatening the survival of rhinoceroses in the wild.
The Drug Is A ‘Miracle’ But These Families Can’t Get It
The KFF report comes as the Centers for Medicare & Medicaid Services (CMS) is in the process of deciding which will be the first 10 prescription drugs subject to price negotiations with manufacturers. A 2022 law that included a number of prescription drug reforms heavily supported by AARP will, for the first time, allow Medicare to negotiate the price of medications with drugmakers. Are commonly prescribed for pain relief but can be abused by those seeking a euphoric high or those who have become dependent on the drugs. The average cost of opioid painkillers on the black market can range from under a dollar to several dollars per pill, depending on the specific drug and location. And although it can be used for medical purposes like anesthesia, it is illegal and only available on the black market. Cocaine looks like a fine white powder, but some dealers mix it with cornstarch and other unsanitary products which can lead to health hazards.
Effects of Rhino Horn
What Is The Financial Toll Of Drug Use In The United States?
To achieve this, we used the International Labor Organization’s (ILO) report on mean income in 2018–2019 as our pre-crisis income (August 2019). To estimate these values, we used the mean income in LBP from January 2022, the most whats dark web recently available data within the same ILO report. From there, we used the LBP to USD exchange rates at each time point to determine mean monthly income at August 2021 and April 2023 assuming a fixed salary in dollar value.
Rhino horn is often used as a cure-all in traditional Chinese medicine, but there is no scientific evidence to support these claims. Rhino horn is made of keratin, the same protein found in human hair and nails. Consuming rhino horn has no medicinal benefits and can even be harmful, as it can lead to the spread of diseases.
Beyond the major financial impact of these problems lies the investment in purchasing the drugs. The Federal Trade Commission is investigating anti-competitive action by leading PBMs, as well as drug company patenting tricks that slow the entry of cheaper drugs to the market. In their book Drugs and Drug Policy, researchers Clayton Mosher and Scott Akins examine the evidence showing that the War on Drugs has been a resounding failure.
The Case Against Black Markets
Consequences of Illegal Trade
The illegal trade of rhino horn has severe consequences, not only for the animals themselves but also for the communities and countries involved. Poaching has led to a significant decline in rhino populations, with some species on the brink of extinction. The illegal trade also funds organized crime and terrorism, contributing to global instability.
Heroin also costs Americans over $22 billion per year in healthcare, law enforcement, and automobile accidents. Unfortunately, the most expensive price is that of a person’s life—heroin poses a serious risk of overdose and the spreading of deadly diseases such as HIV/AIDS or hepatitis. Each year, health insurance companies spend up to $72.5 billion on prescription opiates (Coalition Against Insurance Fraud, 2007) that actually end up in illegal markets and sold on the streets. Other costs of prescription opiates include accidents, health issues, and crime. Also avoid all sites on the topic links about hard candy or jailbait, as these are illegal porn links on the dark web. Internationally bestselling author Jill Mansell weaves a heartwarming tale of love, family, and friendship in her latest novel.
FAQs
- What is the most expensive drug in the black market? Rhino horn is the most expensive drug in the black market, selling for up to $300,000 per kilogram.
- Why is rhino horn so expensive? Rhino horn is expensive due to its rarity and the belief that it has medicinal properties.
- What are the effects of rhino horn? There are no medicinal benefits to consuming rhino horn. It is made of keratin, the same protein found in human hair and nails.
- What are the consequences of the illegal trade of rhino horn? The illegal trade of rhino horn has severe consequences, onion link including the decline of rhino populations, funding of organized crime and terrorism, and global instability.
The astounding impact on Lebanese drug prices means medicines received on average a 1,123% price increase between 2018–22. Branded medicines accounted for roughly 76% of the Lebanese market in 2022, according to GlobalData’s Price Intelligence (POLI) database. While Lebanon has the third greatest generic market penetration of the Middle East (24.5%), it is still yet to match the average generic penetration seen in Europe (42%) and North America (51%), which are roughly double that of Lebanon.
In conclusion, rhino horn is the most expensive drug in the black market, with a price tag of up to $300,000 per kilogram. Despite its high demand, there is no scientific evidence to support its medicinal benefits. The illegal trade of rhino horn has severe consequences, including the decline of rhino populations, funding of organized crime and terrorism, and global instability. It is crucial to raise awareness and combat the illegal trade of rhino horn to protect these magnificent animals and promote global stability.
