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Illicit trade is the production or distribution of a good or service that is considered illegal by a legislature. [1] It includes trade that is strictly illegal in different jurisdictions, as well as trade that is illegal in some jurisdictions but legal in others. [2] Illicit trade can occur either in black markets or in legitimate markets.
The illegal drug trade, drug trafficking, or narcotrafficking is a global black market dedicated to the cultivation, manufacture, distribution and sale of prohibited drugs. Most jurisdictions prohibit trade, except under license , of many types of drugs through the use of drug prohibition laws .
The US federal government is an opponent of the illegal drug trade; however, state laws vary greatly and in some cases contradict federal laws. The Organization of American States estimated that the revenue for cocaine sales in the US was $34 billion in 2013.
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Participants try to hide their illegal behavior from the government or regulatory authority. [4] Cash is the preferred medium of exchange in illegal transactions, since cash transactions are less easily traced. [5] Common motives for operating in black markets are to trade contraband, avoid taxes and regulations, or evade price controls or ...
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Though one of the least profitable illegal trades, arms trafficking made an estimated $1.7-3.5 billion in 2014, making it the 9th largest criminal market, which was valued at $1.6-2.2 trillion. [29] The AK-47 is one of the most appealing weapons in the illegal weapons trade due to its low cost and reliability. [30]
Panamanian leader Manuel Noriega, following his arrest by U.S. authorities. Narco-state (also narco-capitalism or narco-economy) [a] is a political and economic term applied to countries where all legitimate institutions become penetrated by the power and wealth of the illegal drug trade. [2]
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