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Descheduling coca could boost Colombia's economy
The guest argued that descheduling the coca leaf internationally would establish a legal, taxable export market to support Colombian farmers and state revenues.
The argument
Wade Davis noted that over 250,000 families in Colombia rely on coca cultivation, and a legal market would redirect revenues from cartels to the state. The speakers suggested this could also provide the global market with a safer, milder alternative to pharmaceutical stimulants.
The thesis, stress-tested
✓ What validates it
- ✓The UN Commission on Narcotic Drugs votes to deschedule or reschedule the coca leaf
- ✓Colombia implements a formal regulatory framework for legal coca exports
▸ Risks discussed
- ▸Political opposition to drug policy reform
- ▸Potential regulatory hurdles in importing countries
Hear it yourself
"Wade, do you wanna speak to your first introduction encounter with coca and perhaps speak to why rehabilitation is even needed? I think some people might jump to the conclusions like, well, cocaine drug trade, period. End of story. But I suspect there's probably more there. Well, you know, the thing is, Tim, I mean, Coke has been used in South America by virtually every culture, the Andean and Northwest Amazon for eight thousand years. And during that time, there's been no evidence whatsoever of any toxicity, let alone addiction. My first encounter"
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