Colombia’s 12-ton coke bust is just a drop in the dime-bag

On Wednesday, Colombian officials had seized 12 TONS of cocaine (over 13 million gram-bags) -- the biggest nose beer bust in the country’s history.


November 10, 2017

On Wednesday, Colombian president Juan Manuel Santos reported that officials had seized 12 TONS of cocaine (over 13 million gram-bags) — the biggest nose beer bust in the country’s history.

The drugs were dug up from under 4 farms in a region once ruled by Pablo Escobar and the Medellin cartel, now run by a drug lord known as “Otoniel”  who heads up Columbia’s most powerful drug running operation, the Gulf Clan.

So far, Police have confiscated 362 tons of white lightning this year, up from 317 tons last year.

That’s a veritable bunny slope of Colombian snow…

But there’s more fresh pow on the slopes than ever. Colombia’s production is the highest it’s been in 20 years, making it the world’s largest coke producer as of March.

And, the US State Department estimates the country has the capacity to produce as much as 495 tons of coke, which means there are still 178m tons of stardust unaccounted for — not to mention the 900+ tons of Colombian Christmas gracing coffee tables across the globe.

In other words, this police photo-op is mostly show… and the world’s still full of blow.

Daily briefings, straight to your inbox

Business and tech news in 5 minutes or less

Join over 1 million people who read The Hustle

Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.