Methylamphetamine use drives more illegal Meth labs

Methylamphetamine use drives more illegal Meth labs

Earlier this week, the Australian Criminal Intelligence Commission released the sixth report of the National Wastewater Drug Monitoring Program providing longer-term insights into drug consumption as the program concludes its second year.

Using wastewater data between August 2017 to August 2018, it is estimated that more than 9.6 tonnes of methylamphetamine is consumed in Australia each year, as well as more than 4 tonnes of cocaine, 1.1 tonnes of MDMA, and more than 700 kilograms of heroin.

This quantity staggers me.

The street price of the four drugs based on this quantity is valued at around $9.3 billion.

This clearly shows the size of the black economy that relates to illicit drugs alone. As an aside, it sickens me that the media appear to be giving cult celebrity status to some of the biggest drug criminals.

The report estimates consumption reflects an increase in methylamphetamine and cocaine and a decrease in MDMA and heroin from year one to two of the program.

What this coincides with is an increase in the number of claims where properties have been used to illegally make methylamphetamine.

This is one of many areas of risk that LMI are taking a close look at and we will be sharing a YouTube video where Steve Manning is discussing the issue and the risks with one who is strongly advocating for remedial works at very low levels of use. While we do not necessarily agree with his views we feel that all sides needs to be considered.

I am leaning towards the need for mandatory testing at the start and the end of every tenancy. We may need to review the size of bonds to cover the ‘business’ risk and if we are serious, insist on a 100 point check on any tenant and finally have a register of tenants who have used or allowed a premises to be used as a illegal meth lab.

This is a real risk for the insurance industry and while the insurance industry needs to protect innocent landlords and future innocent tenants, we do need to evaluate the risk and charge for it without the need to use a sledge hammer to crack (excuse the pun) a seemingly ever increasing large nut.

I will post a link to the video when it is published.

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