Money_Cash_silk_boom

The Online Drug Market Is Blowing Up

When Silk Road, a pioneering dark web drug market, was shut down a few years ago, some worried that it was the end of the anonymous online illicit trade in general. But just like in the real world, when one drug dealer goes away, another one steps in. A new study conducted by the University of Manchester and the University of Montreal says that “cryptomarkets” are bigger than ever.

Globally, darknet drug revenue has doubled since the FBI kicked down Silk Road’s door and in the U.K. it’s tripled. Surprisingly, weed’s the most popular product and makes up a third of all sales. Considering that weed is gradually being legalized in countries around the world and is just generally easy to get your hands on, it’s surprising that it’s the most popular dark web product and makes up a third of all sales. Shrug, maybe people just like delivery.

What does make sense is that more people have become comfortable with ordering drugs online and have familiarized themselves with the anonymity tools that are necessary to access cryptomarkets.

Some researchers believe that online drug sales actually make the world safer by eliminating the more violent street market but that’s hard to say for certain. On the other hand, there’s suspicion that street dealers are buying in bulk from online retailers so the drugs make it into the supply chain anyway.

Lawmakers might be wise to look at what’s happened to online piracy and BitTorrent-ing. Record labels and tech companies scrambled throughout the 2000’s to figure out how to address the impact file sharing was having on their profits. Meanwhile, companies like YouTube, Netflix and Spotify were innovating and creating platforms that would make it easy and affordable to get the product consumers were demanding. Now, those services that made it safe and legal to easily get video and music are steadily eating into Bittorrents market share. Likewise, legal peer-to-peer sales online might go a long way towards reducing the violent crime that comes along with an illicit business and help to provide an economic boost for many.

Related Posts

News
News

Are Mushrooms the Safest Drug?

Drugs
Drugs

Study Shows Smoking Weed Could Be Your New Diet Plan

Drugs
Drugs

Business and World Leaders Urge the UN to Decriminalize All Drugs

News
News

Coke, Molly, Heroin and More Are Now Just Misdemeanors In Oregon

News
News

Lawsuit Alleges Univ. of Baylor Football Players Committed 52 Rapes Over 4-Year Span

Ad

Latest News

News

Pete Rock Drops the Hammer in Instagram Response to Waka Flocka

“I just think y'all can't do what we did”
lavar ball donald trump Sports

LaVar Ball Doesn’t Have a ‘Thank You’ for Trump: “Who?”

LiAngelo took the high road; BBB’s fearless leader isn’t
News

Meek Mill Has Been Released from Solitary Confinement

A small but important victory
Teslas Music Video

PREMIERE: Tesla’s Ghost “Zero Hour” Video

It's a mob meeting
Gilles Hey, You're Cool

Hey, You’re Cool! Gilles

Get familiar with the Atlanta-bred lawyer/rapper: "People think it's a gimmick"
kanye west News

Kanye West is Producing Albums For Every G.O.O.D. Music Artist

Yeezy Season has returned
mike sits on his rooftop in the god's with me music video Music Video

A Higher Power Watches Over MIKE in New “God’s With Me” Video

Church in these streets
body-cameras News

Study: Police Body Cameras Have Problems, But Are Still Necessary

Some things never change
chance the rapper dwayne wade News

Chance the Rapper and Dwayne Wade Are Co-Producing a Film on Chicago Basketball

And you say Chi City!
Evidence Music Video

Evidence and Jason Goldwatch Show You Their Los Angeles in “Jim Dean” Video

"Walkin' in the rain off the Jim Beam / Dreams broken on the boulevard, Jim Dean"
Music

Read This in Auto-Tune: T-Pain’s New Album, ‘Oblivion,’ is Here

Still snappin'
seven1 Music

PREMIERE: SeVen1 ‘Sinners Remorse’ EP

"These shorties is f*cked up / They kill but can't hustle"
moneybagg yo youngboy never broke again Music

Youngboy NBA and Moneybagg Yo Team for Conceptual ‘Fed Baby’s’ Album

Against the law
Willie Music Video

PREMIERE: Willie The Kid x V Don “Blue Notes” Video

"The love kept me afloat, the hate kept me on my toes"
plane News

Pilots Have a New Hobby — Drawing Dicks in the Sky

Excuse me as I f*ck the sky
CoteKid Reviews

Check Out SpaceJam Bo’s Exciting New Mixtape ‘Cote Kid’

Montgomery's finest