Europe turns into cocaine hub as multi-billion-euro market expands, EU says

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Reuters

By Francesco Guarascio BRUSSELS (Reuters) – Europe is increasingly becoming a hub for production and trans-shipment of cocaine to other regions of the world, in addition to being a major consumption market, EU agencies said on Friday, warning also about the expanding methamphetamine industry. After cannabis, cocaine is the most consumed drug in Europe, with millions of users and sales of around 10.5 billion euros ($11.1 billion) in 2020, according to a joint EU report by law enforcement agency Europol and drugs agency EMCDDA. The European market is growing, driven by higher production in South…

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