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Legal (Coca Plants) Cultivation of coca plants is legal, and coca leaves are sold openly on markets. Similarly to Bolivia, chewing leaves and drinking coca tea are cultural practices. Possession of up to 2 grams of cocaine or up to 5 grams of coca paste is legal for personal use in Peru per Article 299 of the Peruvian Penal Code.
The illegal drug trade in Latin America concerns primarily the production and sale of cocaine and cannabis, including the export of these banned substances to the United States and Europe. The coca cultivation is concentrated in the Andes of South America, particularly in Colombia, Peru and Bolivia; this is the world's only source region for ...
Between 1993 and 1999 Colombia became the main global producer of raw coca, as well as of refined cocaine, and one of the major exporters of heroin. The value of the cocaine trade is assessed at $10 billion per year in U.S. dollars. Colombia's share of coca production is estimated at 43% of global production. [21]
In 2009, Colombia's Supreme Court ruled that possession of illegal drugs for personal use is not a criminal offense, citing a 1994 decision by the country's Constitutional Court. [6] In 2012 Colombian President Juan Manuel Santos proposed the legalisation of drugs in an effort to counter the failure of the War on Drugs , which was said to have ...
Coca eradication in Colombia. Coca eradication is a strategy promoted by the United States government starting in 1961 as part of its "war on drugs" to eliminate the cultivation of coca, a plant whose leaves are not only traditionally used by indigenous cultures but also, in modern society, in the manufacture of cocaine.
A crash in the price of coca, the chief ingredient in cocaine, is contributing to food insecurity in Colombia and causing displacement, as people leave areas that depend on the illicit crop ...
When Coca-Cola (KO) reports earnings tomorrow morning, investors will get a sense for whether consumers in India and China were able to help offset the company's slowdown in sales in the U.S ...
Most cocaine is grown and processed in South America, particularly in Colombia, Bolivia, Peru, and smuggled into the United States and Europe, the United States being the world's largest consumer of cocaine, [164] where it is sold at huge markups; usually in the US at $80–120 for 1 gram, and $250–300 for 3.5 grams ( 1 / 8 of an ounce ...