The European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) has published figures saying that Europeans spent at least 11.6 billion euros ($12.7 billion) in 2017 on illegal cannabis purchases, confirming marijuana as the largest drugs market in the 28-country European Union.
US News reports
In its annual report, the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) said the EU’s overall narcotics market was worth at least 30 billion euros in 2017, up from 24 billion in 2013.
The global market for illicit drugs was estimated to be worth between $426 and $652 billion, the agency said, warning that its estimates about the EU market were conservative.
Illegal sales of herbal cannabis and its resin represented 39% of the EU’s drugs market, up from 38% in 2013, with revenues for criminal organizations dwarfing those in legal markets.
Read the full news report
Supply for the EU comes from Morocco, Albania and even as far away as California, the EMCDDA has noted.
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