Published: April 28, 2015
Taking place outside of government sanctioned channels; the Black Market enables individuals to sell illegal items without the watchful eye of the country on their backs. If you’re familiar with any crime shows like Law and Order, you should be all too familiar with the market and its abilities. But did you know that product counterfeiting makes a heavy $225 billion? Or that illegal gambling forks over $150 billion dollars? Now, that’s a lot of “moo-lah” for a market.
Other hot commodities on the black market are drugs. Marijuana ($82 billion) and cocaine ($35 billion) are some of the more popular items being sold without the government’s knowledge. This is followed by movie piracy (sometimes good movies are too hard to resist?), prostitution and music piracy. The black market also makes a nice niche for cigarette, gas and oil smuggling, software piracy, meth, counterfeit U.S. dollars and alcohol smuggling. Anything that the law says no to, the black market says yes.
So how much is the black market worth? The total United States illicit trade value is $625.63 billion. For a person out of luck waiting on a kidney donation, the black market can supply one for $30,000. Because of its profits, the black market employs 1.8 billion people worldwide.
So how much are these items worth when they get out of the market and hit the streets? Some of these illegal items include weapons, like an AK-47 for $400. Drugs vary in price (Cocaine $174 a gram, ecstasy $35 a tablet, heroin $200 per gram, marijuana $20-1,800 an ounce and meth $3-$500 a gram). Of course, the value of each item depends on where it is being purchased.
But we suggest you stay out of the black market. Once caught with illegal items and criminal activity, there is no way to “deal” yourself out.