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Saturday, Apr 20, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Europeans flocked to dark web to buy weed as pandemic set in: report

Drug sales spiked 25 per cent during first 3 months of the year

Europeans flocked to the dark web to buy weed during pandemic: report
Photo by Thijs ter Haar via Flickr

Turns out the lack of a regulated market didn’t stop Europeans from stockpiling cannabis as the COVID-19 pandemic set in. 

In Canada and legal American states, fears of public lockdowns to stop the spread of the virus in March pushed people to rush to their local cannabis retailer and buy, buy, buy. 

According to a new report by the European Monitoring Center for Drugs and Drug Addiction, Europeans were doing the same panic buying, except they used the dark web to connect with unregulated dealers. 

Read more: Consumers and companies embrace cannabis retail rush before expected mass shutdown

The dark web is a way to access the internet completely anonymously, so illicit activity like unregulated drug transactions can’t be tracked. 

The report tracked three major European Union dark web cannabis markets, Agartha, Cannazon and Versus, to see how the COVID-19 pandemic impacted their sales from Jan. 1 to March 31. Hydra, which is estimated to be the largest dark net market, was not included in the study because it primarily serves Russia and Eastern European countries. 

The United Kingdom, despite finally leaving the E.U. Feb. 1, 2020, was still included in the report alongside the 27-member political and economic union.

Market activity increased by just over 25 per cent for the period, which was mostly driven by Cannazon sales. Market data from Cannazon did not differentiate between herb, resin or cannabis products, the report said. 

Over the first three months of 2020, dealers bought less weed that would then be used to resell — likely because physical distancing would make selling cannabis in person hard, the report said. 

Read more: Why weed and social distancing go hand-in-hand

The number of buyers looking to purchase cannabis for personal use also increased, but people looking to buy drugs used in group situations, like MDMA, decreased. 

The largest of the three markets, Cannazon, sold around $6.6 million ($4.3 million euros) worth of cannabis in the three months, or around 1.6 metric tonnes worth. 

On Cannazon the most common weight sold was 10 grams, which ran for $189 ($125 euros).

Despite rising sales, prices actually fell over the period, which the report says suggests people started buying more small value sales and less pricier products. 

Most of the drugs sold on the dark web originated from the U.K. (47 per cent), Germany (30 per cent) and Spain (6 per cent), the report said. 

On Agartha, people mainly bought cannabis (31 per cent), followed by stimulants (26 per cent), and dissociatives and psychedelics (22 per cent). 

Top image: European Union flags by Thijs ter Haar via Flickr


1 Comment

1 Comment

  1. Andy Scruggs

    September 2, 2020 at 7:38 am

    Can I or some dank ass flower please

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