Under Michigan law, cocaine possession is severely penalized. Cocaine is considered a Schedule II drug, one with a high risk of addiction. If you are caught with anything less than 50 grams of cocaine, you can be charged with a felony. Felony possession of less than 50 grams of cocaine carries a potential sentence of up to 4 years in prison and fines reaching $25,000. Obviously, if you are accused of possessing more, you will face greater potential sentences.