How much is cartel worth?
Mexican drug cartels take in between $19 billion and $29 billion annually from drug sales in the US. According to a July 2020 Congressional Research Service (CRS) report, about 125,000-150,000 homicides were organized crime-related from 2006 to 2018.
How has marijuana legalization affected cartels?
The effect of legalization on Mexico’s criminal cartels is also likely to be subdued given that cartels have increasingly turned away from cannabis and towards methamphetamine and opioids such as fentanyl for revenue as a result of factors like the growth of the legal cannabis trade in Canada and part of the US.
How much money does Mexico make from drugs?
Analysts estimate that wholesale earnings from illicit drug sales range from $13.6 to $49.4 billion annually.
How does the Sinaloa Cartel make money?
As of 2021, due to the high profit margins of its cocaine trafficking networks, the Sinaloa Cartel is currently the most active Mexican cartel in Colombian territory and partners with the National Liberation Army (ELN), dissidents of the Revolutionary Armed Forces of Colombia (FARC), and the neo-paramilitary gang, Clan …
What is El Chapo’s net worth?
He is considered to have been one of the most powerful drug traffickers in the world….
| Joaquín “El Chapo” Guzmán | |
|---|---|
| Criminal penalty | Life in prison plus 30 years, must forfeit assets worth more than $12.6 billion. |
Why are drugs being legalized?
Advocates of drug legalization believe that making high-quality drugs cheaply and widely available will eliminate the illegal drug market, regulate quality and price, and decrease law enforcement costs including arrest and incarceration.
Where do cartels keep their money?
Drug cartels hide their profits by flushing them through the vast global financial market, using various methods including internet payment platforms, cryptocurrencies, payment cards and real estate. Then, they use the laundered cash to underwrite their trafficking.
What was El Chapo worth?
roughly US$1 billion
His drug empire made Guzmán a billionaire, and he was ranked the 10th richest man in Mexico and 1,140th in the world in 2011, with a net worth of roughly US$1 billion. To assist his drug trafficking, the Sinaloa Cartel also built a shipping and transport empire.