Recurring dreams, especially those that evoke strong emotions like panic, can be quite significant and are often linked to unresolved feelings or anxieties in your waking life. The fact that you have the same dream monthly suggests that there may be an underlying message or theme that your subconscious is trying to communicate.

In your dream, being framed for drug smuggling while on holiday with friends could symbolize feelings of vulnerability or fear of being misunderstood or judged in your social interactions. The setting of a holiday might represent a time meant for relaxation and enjoyment, contrasting sharply with the stress of being accused of something you didn't do. This contrast could indicate a deeper fear of losing control or facing dire consequences in situations where you feel you should be safe and free.

The recurring panic and the specific moment you wake up could signal that your mind is trying to resolve a particular fear, but it feels stuck in a loop. It might help to reflect on any recent changes in your life or relationships, even if they don't seem stressful on the surface. Sometimes, feelings of inadequacy, fear of failure, or concerns about social acceptance can manifest in dreams like yours.

To address this, consider keeping a dream journal where you write down your thoughts and feelings upon waking. Additionally, practicing relaxation techniques before bed, such as deep breathing or meditation, might help reduce the anxiety associated with the dream. If these dreams continue to be distressing, talking to a mental health professional could provide further insight and support in understanding these recurring themes.