Legal status:
Cocaine production, sale and distribution is prohibited in many countries as regulated by the Single Convention on Narcotics Drugs, and the United Nation Convention against illicit trafficking of drugs and psychotropic substances. The controlled substance Act 1970 regulated the importation, possession, distribution and manufacture in United Nations.
Some other countries like Bolivia and Peru permit the coca leaf cultivation for traditional consumption by the local indigenous population, but these countries also prohibit the production, distribution, sale and consumption of cocaine.
(Franklin, J., 2009. The world's first cocaine bar. The Guardian, 19)
Generally, the production of cocaine is prohibited in many countries but
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Schedule 8 substance related to controlled drug according to schedule 8 substances which should be available for use but require restriction of manufacture, supply, distribution, possession and use to reduce abuse, misuse and physical or psychological dependence.
(Sawada, H., Yamakawa, K., Yamakado, H., Hosokawa, R., Ohba, M., Miyamoto, K., Kawamura, T. and Shimohama, S., 2005. Cocaine and phenylephrine eye drop test for Parkinson disease. Jama, 293(8), pp.931-934)
According to Misuse of Drugs Act 1981 4.0g amount of cocaine prohibited that is determining by the court trial, and only 0.2g amount of cocaine required for the presumption of intention to sell or supply and 28.0g is the amount of cocaine required for purposes of drug trafficking, these all are determine by the court trial in western Australia.
(McClung, C.A., Sidiropoulou, K., Vitaterna, M., Takahashi, J.S., White, F.J., Cooper, D.C. and Nestler, E.J., 2005. Regulation of dopaminergic transmission and cocaine reward by the Clock gene. Proceedings of the National Academy of Sciences of the United States of America, 102(26), pp.9377-9381)
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And generally, the possession of cocaine and trafficking is prohibited if anyone have the possession of cocaine or involve in trafficking of cocaine then he will punish with severe penalties. Demand remains high, and consequently, black market cocaine is quite expensive. Unprocessed cocaine, such as coca leaves, are occasionally purchased and sold, but this is exceedingly rare as it is much easier and more profitable to conceal and smuggle it in powdered form. The scale of the market is immense: 770 tones times $100 per gram retail = up to $77