Wednesday, September 13, 2006

Street Prices of Cannabis, Ecstasy and Cocaine at an All-time Low


The price of cocaine, ecstasy, cannabis and other drugs is at an all-time low, clearly indicating that efforts to stem the spread of illegal drugs on Britain's streets are failing.

The data, based on a survey of more than 2,300 people last year, shows that cannabis resin sold for an average of £43 per ounce, down from 2004's figure of £45 - and a big drop from the 1994 average price of £120 per ounce. Even at this low price, the profit margin for the dealer remains high, at 169 per cent.

The annual survey of drug prices, to be released by the charity Drugscope this week, shows how prices remain low.

Cocaine, sold for around £44 a gram, is one of the less profitable drugs, with a profit margin of around 95 per cent.

Britain's continuing "pill-popping" culture, particularly in its clubs, is indicated by the falling price of an ecstasy tablet, which is usually bought for less than £3.

Amphetamines are also down in price, and cost an average of £9 a gram - yielding a 237 per cent profit margin.

Heroin was one drug that went up in price - from £38 a gram in 2004 to £58 a gram last year. Its profit margin more than doubled, to 152 per cent.

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