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When I wrote last week that cocaine prices rose at a faster rate than the Dow Jones industrial average, I overlooked something: methamphetamine may be an even better "investment" than cocaine, when compared with the index. Marijuana isn't doing too shabby either.

According to data on the DEA's website, the average price per pure gram of all domestic methamphetamine soared 37% between January and June 2007, beating the 24% gain in cocaine, and eclipsing the broad market index, which rose about 7% during that same time.

I wasn't able to find comparable data for marijuana but did come across an interesting story from Bloomberg News saying that prices for marijuana in Holland have soared 20% because of an increase in police raids. So any college students planning a trip to Europe should take note. U.S. pot prices have climbed over the last few years, according to the folks at High Times. I'll update this post if I get more information.

Does this mean that people should dump their Google (NASDAQ: GOOG) shares and set up a crystal meth lab or start growing weed? Of course not.

As Mr. Mackey from South Park says, "Drugs are bad." They're bad for your health and bad for society. People should just say no to drugs, but they don't and that's the problem. Prohibition didn't stop people from drinking in the '20s, and isn't stopping people from getting high today. My argument is that if we decriminalize drugs, the government can tax them and use that money to treat addicts.

Legalization is no utopia, but given the failure of the War on Drugs, it seems like it's worth a try.


Methamphetamine is an even better 'investment' than cocaine originally appeared on BloggingStocks on Wed, 24 Oct 2007 14:38:00 EST. Please see our terms for use of feeds.

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