The $49-Billion Black Market Industry

I recently re-read a (fabulous) book called Shantaram by Gregory David Roberts. The story is about a convicted Australian bank robber who’d escaped from prison and lived in India. Throughout the narrative, Mr. Roberts shared several philosophies, of which one is: Black markets for things exist because the white markets are too strict. This is true in regards to drugs.

Drug usage is prevalent throughout our society; and the current opioid crisis reflects how people are desperately seeking to combat emotional, mental, and/or physical pain. I recently heard the term “waste basket drugs”—where individuals are routing through others’ trash seeking anything that can relieve their anguish.

While I was researching Busted, I came to the conclusion that the war on drugs is a colossal waste of resources, time, and money. Prohibition didn’t work with alcohol, and it’s not working with drugs—especially marijuana.

The September 17th Los Angeles Times had an article about marijuana farms. Marijuana is a $49-billion black market industry, and California leads the nation in its production. The report stated that by 2010, the state grew enough cannabis that it could provide more than three-quarters of the illegal supply in the country. Since then, marijuana has been California’s largest export commodity, eclipsing almonds, diary, walnuts, wine, and pistachios combined.

California legalized medicinal marijuana in 1996, and allows growers to harvest 99 plants, one plant below the threshold for a five-year-federal prison term. On September 12th, 2017, the California State Assembly passed the RISE act (SB 180) in a 41 to 25 vote, and the legislation has gone to Governor Brown for his approval. This sentencing reform reverses the trend of locking up non-violent drug offenders for fifteen years or more. It would also repeal the law that doubles or triples a person’s sentence if they are convicted of a nonviolent drug sale or similar offense.

Why am I supporting the decriminalization of drugs? I have a M.S. in economics, and the problem boils down to supply and demand. As long as there is demand, someone will supply it. I agree with Mr. Roberts: the way to end black markets is to legalize, regulate, and tax the supply. Will this solve all of our problems? No. But it’s a start.

What do you think? Do you agree, or do you have a different perspective?

Warmest Regards,                                                                                                                                           Michele                                                                                                                                                               Author, Busted                                                                                                                                           www.michelekhoury.com                                                         https://www.amazon.com/author/michelekhoury

 

6 thoughts on “The $49-Billion Black Market Industry”

  1. Walid chamounWalid chamoun

    Amazing stories really intresting to read

    Reply
    September 17, 2017
  2. Laura BLaura B

    Michele –

    I absolutely do agree. One way to improve communities infrastructure(s) and apply real aid to the homeless would be to tax and regulate the sale of drugs. I also believe that those measures would also lead to a dramatic decrease in violent robberies, burglaries and murders because it would help put the illegal cartels out of business – at least here in the US.

    Reply
    September 17, 2017
  3. Louella NelsonLouella Nelson

    Laura B’s comment is exactly the same set of arguments for legalizing prostitution. Interesting!
    However, I just wanted to echo your sentiments, Michele, about Shantaram. It’s “busting” with fascinating cultural details about the Indian city where it’s set, the characters are unique, and the story keeps my attention. One of the best audio books I’ve ever listened to is the narration on Shantaram. The narrator uses all the myriad voices to perfection; really quite amazing.

    P.S. Did you realize this message shows up at bottom left of this page: “Trouble sleeping? Try cannabis.” Ironic.

    Reply
    September 19, 2017
  4. Louella NelsonLouella Nelson

    Oh, that’s right. One of your essays is about cannabis. Duh! I read it. It’s interesting. I use Ambien the same way. I’m finding that I miss the most rested feeling I get when I do you Ambien. However, it’s a controlled substance, and I feel I need whole periods without taking it, just to be careful. On the other hand, I found that weed makes me paranoid, and that’s not a happy feeling, so…pass.
    The CBD portion of grass, which doesn’t contain the intoxicating effect, has to be extracted, and then it can be used for medical purposes.

    Reply
    September 19, 2017

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: