The $150 Billion Drug Market: A Dive into the Economics of Cartels

Thee Senate Caucus on International Narcotics Control held a hearing entitled, “The $150 Billion Drug Market: A Dive into the Economics of Cartels,” in Room 215 of the Dirksen Senate Office Building. The hearing examined how drug cartels have adapted their production, trafficking, and finance schemes for the 21st century.

The hearing transcript is available here.

Celina Realuyo, Adjunct Professor of Practice, The George Washington University Elliott School of International Affairs (testimony)

Michael McDaniel, President, National HIDTA Director’s Association and Director, Houston HIDTA (testimony)

Lakshmi Kumar, Policy Director, Global Financial Integrity (testimony)

Erica Hanichak, Government Affairs Director, Financial Accountability and Corporation Transparency (FACT) Coalition (testimony)

Established in 1985, the Senate Caucus on International Narcotics Control consists of seven members, with four belong to the majority party.  The Caucus, which is authorized in law and has the status of a standing committee, has held hearings on strengthening U.S. antinarcotics efforts around the world, as well as addressing heroin and prescription drug abuse on American soil.  In the past decade, the Caucus has drafted reports on the West African drug trade and the connection between U.S. money laundering and organized crime.

Opening statements of Chairman Sheldon Whitehouse (D-RI) and Co-Chairman Charles Grassley (R-IA), as prepared for delivery, are available here and here.