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Lots of embedded stuff in the link, but here's the article.
https://www.dailymail.co.uk/news/article-6772641/NSW-Greens-announce-radical-new-plan-legalise-regulate-marijuana-state-parliament.html
High time for a law change say Greens: Australians will be able to grow up to six plants in their homes and smoke in the street under the party's new plan to legalise and regulate marijuana
NSW Greens propose private members bill to legalise and licence cannabis
Will allow users to grow up to six plants at home and buy the drug at retail stores
MP David Shoebridge says it makes no sense to treat consumption as a crime
Party plans to introduce a private members bill within 100 days of state election
By Kylie Stevens For Daily Mail Australia
Published: 07:21 EST, 5 March 2019 | Updated: 10:06 EST, 5 March 2019
Recreational cannabis use could become legal in New South Wales under a radical new plan by the Greens.
The party has vowed to introduce a private members bill to legalise, regulate and licence cannabis within the first 100 days of parliament after the March 23 state election.
If passed, the bill will allow cannabis users to grow up to six plants at home for personal use and consume the drug wherever it's legal to smoke tobacco.
The NSW Greens have unveiled a radical new plan to legalise, regulate and licence cannabis
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The NSW Greens have unveiled a radical new plan to legalise, regulate and licence cannabis
They will also be able to buy cannabis at retail stores if they're over the age of 18 and can produce identification.
'It makes no sense to treat the consumption of cannabis as a crime,' Greens MP David Shoebridge said in a statement provided to Daily Mail Australia.
'We are wasting millions each year and missing out on licencing revenues that the state desperately needs. It's time we stopped taking such a backward approach to a drug that over one-third of Australians have used. We regulate and licence alcohol at a state level and it's about time we did the same for cannabis.'
'It makes no sense to treat the consumption of cannabis as a crime,' Greens MP David Shoebridge (pictured) said
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'It makes no sense to treat the consumption of cannabis as a crime,' Greens MP David Shoebridge (pictured) said
The Greens will also move for a parliamentary inquiry into the legislation and the establishment of the NSW Cannabis Agency.
It's estimated their proposed plan will generate $200 million a year in additional revenue for the NSW government, which the Greens want invested into schools, hospitals and drug and alcohol treatment programs, particularly in regional and rural NSW.
The party proposes $25 million also will be allocated to prevention and harm reduction programs in NSW high schools.
Cannabis users to grow up to six plants at home for their personal use under a private bill proposed by the NSW Greens (stock image)
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Cannabis users to grow up to six plants at home for their personal use under a private bill proposed by the NSW Greens (stock image)
Video playing bottom right...
Click here to expand to full page
'No one is saying that cannabis is without any harmful effects, however making it illegal does not magically make it safer, in fact it does the opposite,' Mr Shoebridge said.
'By making cannabis legal consumers can be certain of the concentration and quality of the product they are using, can be assured it meets minimum health standards and can be given accurate information about its likely effects.'
There has been a divisive reaction on social media to the news.
'It's about time, but this requires some public education on the true effects of prohibition to get through the wall of assumptions in association to mental health,' man posted on the NSW Greens Facebook page.
The legalisation of cannabis (stock image) could generate up to $200 million a year in revenue for the NSW government, according to the NSW Greens
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The legalisation of cannabis (stock image) could generate up to $200 million a year in revenue for the NSW government, according to the NSW Greens
Another added: 'I fear the 'legalisation' in Australia will only turn profits of an existing industry over to big business and make it less affordable in the process. I am hopeful but not confident in any thing beyond that.'
Legal cannabis is available in Spain, Uruguay, Canada and nine US states.
'Each year thousands of people needlessly come into contact with police and the courts for using a drug that's legal in many other places around the world,' Mr Shoebridge posted on his Facebook page on Wednesday night.
'It's time for a commonsense approach that would generate revenue that we can spend on harm minimisation and prevention as well as public infrastructure like schools, hospitals, parks and libraries.'
Nah. U keep saying that it's about to take off but with this dried up volume it'll probably drop into the 2.30s soon. That's where I'll be reloading. I guess we shall see
https://t.co/7otoCIsXN0
— Focused Trades (@TradesFocused) March 6, 2019
Is New South Whales about to legalize recreational cannabis?
Definitely invested here and elsewhere so many plays with this industry starting to take off we have to weed out the pretenders and find the good ones GLTA
Thanks for the post, itchy palm. Hope you had the time to take a good look at ELLXF. Lots to like, IMO.
Industrial Hemp: Frequently Asked Questions
New blog post from ELLXF website
https://www.elixinolglobal.com/site/blog/industrial-hemp-frequently-asked-questions-faqs
Being in business for 25 years in 3 successful companies. One of my rules was to reinvest. Definitely more in the 1st 2 to 3 years to build a solid base and of course many many hours of work. Do that and the profits will come for years patience pays off. I like what are ceo is doing the future here could be big! GLTA
Liked these lines from the Stockhead piece.
“Our focus is not on profit… our focus is on growing revenues and taking advantage of the growing space to increase our market share. We feel that that is the most important thing to do right now,” he told Stockhead.
This year, nearly 20 per cent of revenue will be spent on marketing.
When legislation lifts the lid off of hemp cbd, things will progress quickly. Hopefully we can double revenue this yoy.
ELLXF: The Pot Seat: Elixinol’s Paul Benhaim is spending to stay on top
https://stockhead.com.au/food-agriculture/the-pot-seat-elixinols-paul-benhaim-is-spending-to-stay-on-top/
Easyjet's Inflight full page ELLXF Ad
Great to see the @Elixinol brand making its presence felt in Europe, with this full-page advertisement for our #CDB Oil in Easyjet’s inflight magazine! pic.twitter.com/fZMWdiqzYB
— Elixinol Wellness Limited (@EXLWellness) March 5, 2019
No I didn’t argue. You guys argued with me. I simply said “naah” and then afterwards all the bad information came out of both your mouths.
And my point is, if a guy wants to go recommend this stock to his family, friends or "social media" than as an investor you should be way okay with that. But instead you decide to argue with him about it lol facepalm
Have some context. This conversation started out with “Help spread the word of this 'hidden' hemp gem investment”
I replied, no, it’s not necessary.
And now you’re telling me volume is exposure and awareness.
The stock is about to fly and you can barely see it. You guys are just impatient. I say within two weeks it’ll be over $3. Please go blow up your email lists and social media to help it run. /facepalm
And what do you think it is that will make it take off...? VOLUME. Which IS investor awareness
When I see something that’s simply not true I sometimes do make it a point to correct people. This stock is about to take off: what investor awareness is needed to get it to run? That’s just silly, man.
You're climbing an uphill battle here trying to deny the importance of volume and investor awareness. It's a very simple and logical point this gentleman brought up. I think you just like to argue. I've seen you do it on the other board as well
My point is that is a nonevent. This chart is clear as day about to RUN, so SOMEONE must be buying it and speculating it’s about to go higher. Here’s some truth: the MOST volume comes in at the highs and tops
I agree. IMO this company is so undervalued because of the lack of awareness. That's why volume is so important deadjim. I'm sure we all know you need volume to increase (sustainable) share price
Gras status from the fda would help....
We're talking exposure/ increased investor awareness not necessarily popularity.
Eh, popularity doesn’t mean price move. It’ll go it’s own pace
Yes, imo.
I'm a big fan of Elixinol, but the low daily volume itself, among other factors, shows that the company needs much more media exposure.
The last time I checked, there were no professional institutional investors/funds, etc. That needs to change.
Again, I'm a big fan of the company, but it remains a secret in the larger investing world. Plans to uplist to NYSE or NASDAQ would be hge.
ELLXF: Elixinol Global Makes Hemp Play in $215 Million Vegan Food Sector
https://thegreenfund.com/elixinol-global-makes-hemp-play-in-215-million-vegan-food-sector
It badly needs media/analyst exposure.
Being an Australian stock, as good as it is, more media exosure, especially in the US is needed.
With that will come knowledge of his hemp gem and dramatically increased volume which will be very bullish for the stock.
Help spread the word of this 'hidden' hemp gem investment.
Oh. Well if it starts to lift from this area it’s gone
I'm referring to the trend (support) line on the daily that it has hit 4 times now, currently running through the 2.30 area. I've got ammunition on the side just in case it does test that before take off
HEMP is so versatile, there are massive products and revenues to be made, as ELIXINOL has shown us and as the US did some 80 plus years ago before being mistakenly declared illegal in the US.
That's all dramatically changed now in the US and soon for ELIXINOL getting it's medical production license.
I don’t know which trend line you’re looking at but it can really do anything. I think this is a pennant so if it’s real you won’t get probably anything under 2.40s
Do you think there is a chance it could retest the trend line before take off?
thanks....a HUGE PLUS.....debt free.
check out ELLXF"S chart....a thing of beauty!
Under constant 'quiet accumulation'
needs more analsts/media attention and that surely is happening now with the exploding investment world of HEMP!
a steal at 2.50 a share.
will buy more on monday.
Don't forget, no real debt.
Absolutely correct.
ELLXF has everything going for it:
-very low float
-revenues doubling over last year
-profitable
-doing business internationally
-huge expansion in US underway
-plans to uplist to NYSE or NASDAQ in the works
-in the hottest investment sector, HEMP products
-a ridiculously low share price of 2.50
-a 'hidden gem', awaiting analyst increased exposure.
-a Buy for truly smart investors.
Sorry, don't know.
It is in the works and my guess should be in days?
Chasing a pennant! AL or NL? Doesn't matter. They are about to raise the flag pole. Oh boy
All you can eat here 2.50s
Flagging at 2.50. Huge liftoff about to occur and everybody will know about it ..lol @/&&;$;&
Yw. I just got a new shipment too.
Whenever Australia decides to issue it. Unknown.
When do they get their medical marijuana license???
PLEASE HELP BY DOING ALL YOU CAN TO SPREAD THE WORD OF ELLXF.
BEING AN AUSTRALIAN BASED STOCK, IT IS NOT WELL KNOWN. GLTY.
This is flying under the radar. One big announcement connecting this company to another well known name and this one flies. I've been watching the accumulation at this level for weeks. When it moves up it will be swift and meaningful
ELLXF - a CBD PROFITABLE INTERNATIONAL REVENUE GENERATING GEM!
FY2018 revenue up 121% to 37.1 million.
Very strong balance sheet, with net cash of 42.7 million to drive international hemp growth
In the hemp business for over 30 years and implementing a major international presence, especially in the US.
An Australian basedd hidden 'gem'.
Help spread the awareness of ELLXF
ELLXF is a 'hidden gem' in the vast CBD world.
Coming earnings and company expansion internationally.especially in the US, will attract a whole new group of investors now aware of the company's scope and exploding revenues and earnings. in the CBD world.
The stoc k's been under steady accumulation with a low float and I expe t ome big moves following coming financial reports.
Thanks for the help, lhal. Easy and quick to order.
An experienced, successful and profitable CBD company, in the CBD business for years and great plans to expand in US and western hemisphere.
A sure winner, under growing accumulation and investor awareness.
A sure portfolio stock in one of the hottest growing market sector.
News still hasn't shown up on ELLXF website or in my email. Pretty exciting new product!
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