Drug traffic

The illegal drug trade is the global black market dedicated to the cultivation, manufacture, distribution, and sale of prohibited drugs; Drug trafficking, or narcotrafficking are commonly used to describe the trade of the illicit substances. A majority of jurisdictions prohibit trade, except under license, of many types of drugs through the use of drug prohibition laws. The think tank Global Financial Integrity's Transnational Crime and the Developing World report estimates the size of the global illicit drug market between US$426 and US$652 billion in 2014. With a world GDP of US$78 trillion in the same year, the illegal drug trade may be estimated as nearly 1% of total global trade. Consumption of illegal drugs is widespread globally, and it remains very difficult for local authorities to reduce the rates of drug consumption.