Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • Investors Flocking to Super-Anonymous Cryptocurrency Used for the Sketchiest Stuff Imaginable
  • Fusion Finance eyeing 20-25% growth – Banking & Finance News
  • Strategic Analysis of AI Wealth Management
  • Bajaj Finance Q3 Results – Bajaj Finance Q3 earnings News, Bajaj Finance Q3 result updates
  • Group creates hidden gem art gallery in Essex seaside town
  • 6 Top Low-Risk Investments To Make In 2026
  • The future of finance is becoming harder to ignore
  • Broad Street Gallery set to open in historic Bungay building
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Investments»Virginia’s opioid crisis cost $5.2B in 2023, recovery investments show promise
Investments

Virginia’s opioid crisis cost $5.2B in 2023, recovery investments show promise

November 14, 20254 Mins Read


RICHMOND, Va. — Virginia lost $5.2 billion to the opioid crisis in 2023, a significant increase from $3.5 billion in 2020, according to new research from Virginia Commonwealth University’s Center of Society and Health.

The study, conducted over seven years, reveals that the vast majority of these costs are borne by families and households, primarily through lifetime lost wages and reduced workplace productivity due to fatal overdoses.

“The true cost is measured in lives, families, and communities, but we know that this affects every single community. This isn’t just a rural Virginia issue — this is all across Virginia,” said Derek Chapman, director of VCU’s Center of Society and Health.

VCU researchers developed a map showing where costs are highest across the state. In Central Virginia, Richmond, Hopewell and Petersburg show the highest economic impact from opioid deaths. Richmond faces $2,300 per person in costs totaling $526 million, while Hopewell sees $2,300 per person totaling $52 million, and Petersburg experiences $2,000 per person totaling $68 million.

“What varies by person and varies by community is the resources that we have access to stay alive, to stay safe and to recover,” said Lucy Hahn, user experience designer with VCU’s Center of Society and Health.

The research aims to target resources that reduce deaths and lead to recovery in the most impacted areas.

“What we need to do is scale up those investments and this is a way of showing the scale of how much we could potentially accomplish together economically,” Hahn said.

Despite the financial toll, there is encouraging news. Opioid overdose deaths dropped nearly 50% from 2,058 in 2023 to 1,066 in 2024, according to the Virginia Department of Health. Chapman attributes this decline to investments in various recovery programs.

The return on investment for prevention and treatment programs is substantial. Studies show that every dollar spent on substance use prevention results in $18 in economic benefit. Syringe service programs generate $7 in economic benefit per dollar spent, while overdose prevention centers provide about $21 in economic benefit for every dollar invested.

Leon Dangerfield, a certified peer recovery specialist with 25 years of sobriety, exemplifies what successful recovery looks like.

“When you’re in active addiction, you ignore everything that made life move forward, so when you get sober, everything hits you like a ton of bricks and you feel like there’s no way out,” Dangerfield said.

“It took me multiple times, but I’m here today trying to help people through those hard times.”

Dangerfield’s recovery has transformed his life completely.

“I bought my first house this year, I got married this year, reconnected with loved ones, building relationships with my children. So yes, blessed is an understatement,” Dangerfield said.

Governor Glenn Youngkin and First Lady Susan Youngkin have spent the last four years highlighting families directly impacted by the opioid crisis.

“We’re not talking about dollars and cents, we’re talking about people and lives. We have put forth an extraordinary and comprehensive effort, and, yes, allocated some resources to it and had an extraordinary impact,” Youngkin said.

Dangerfield believes addressing both the financial impact and loss of life is crucial for helping Virginians affected by the opioid epidemic.

“You put the right resources in the right places and you have the right person that’s willing to work at it, then the sky is the limit,” Dangerfield said.

CBS 6 is committed to sharing community voices on this important topic. Email your thoughts to the CBS 6 Newsroom.

📲: CONNECT WITH US

Blue Sky | Facebook | Instagram | X | Threads | TikTok | YouTube

This story was initially reported by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy. To learn more about how we use AI in our newsroom, click here.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

6 Top Low-Risk Investments To Make In 2026

May 16, 2026 Investments

Kentucky American Water Files Rate Request Driven by Approximately $108 Million in Continued Investments to Provide Safe, Clean, Reliable and Affordable Service – Company Announcement – FT.com – Financial Times

May 15, 2026 Investments

Here is what Premier Investments shares are paying shareholders in 2026

May 15, 2026 Investments

Mark Cuban Turned $33 Million in Shark Tank Investments Into $250 Million — A 750% Return

May 15, 2026 Investments

AI Driving Cybersecurity Investments, Widening ‘Valley of Death’

May 14, 2026 Investments

S2G Investments closes new USD 1 billion fund

May 14, 2026 Investments
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Investors Flocking to Super-Anonymous Cryptocurrency Used for the Sketchiest Stuff Imaginable

May 17, 2026 Cryptocurrency 4 Mins Read

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science…

Fusion Finance eyeing 20-25% growth – Banking & Finance News

May 17, 2026

Strategic Analysis of AI Wealth Management

May 17, 2026

Bajaj Finance Q3 Results – Bajaj Finance Q3 earnings News, Bajaj Finance Q3 result updates

May 17, 2026
Our Picks

Investors Flocking to Super-Anonymous Cryptocurrency Used for the Sketchiest Stuff Imaginable

May 17, 2026

Fusion Finance eyeing 20-25% growth – Banking & Finance News

May 17, 2026

Strategic Analysis of AI Wealth Management

May 17, 2026

Bajaj Finance Q3 Results – Bajaj Finance Q3 earnings News, Bajaj Finance Q3 result updates

May 17, 2026
Our Picks

Here is what Premier Investments shares are paying shareholders in 2026

May 15, 2026

ChatGPT Just Got a Personal Finance Upgrade

May 15, 2026

#CryptoCornerSeason2 | Crypto Corner powered by Binance Kea Credit's Jo DSilva To @CNBCTV18News – Real World Asset Tokenisation has hit $370 bn as of April 2026 – BCG is estimating assets worth $60-64 tn to come on chain by end of 2030 Manisha – LinkedIn

May 15, 2026
Latest updates

Investors Flocking to Super-Anonymous Cryptocurrency Used for the Sketchiest Stuff Imaginable

May 17, 2026

Fusion Finance eyeing 20-25% growth – Banking & Finance News

May 17, 2026

Strategic Analysis of AI Wealth Management

May 17, 2026
Weekly Updates

What UK wealth managers and investment platforms want to see in the budget

October 14, 2024

Japan Making Major Investments in its Semiconductor Industry

April 21, 2024

Rigveda 2-4 ‘Cryptocurrency isn’t split between Bitcoin, Altcoins, Stablecoins, Memecoins and $hitcoins – It’s a spectrum

August 11, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2026 Finance Pro

Type above and press Enter to search. Press Esc to cancel.