Cocaine Is Set to Overtake Oil to Become Colombia’s Main Export

(Bloomberg) — Cocaine is set to become Colombia’s main export, overtaking oil, as production of the narcotic continues to expand as the government take a more lenient policy regarding drugs, according to estimates by Bloomberg Economics.

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Oil exports posted a drop of 30% in the first half and the trend of cocaine trade has consistently risen, meaning the latter could be Colombia’s No. 1 export as soon as this year, according to Bloomberg economist Felipe…