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Seems other countries are well ahead in this game. This was an opportunity missed :(
Medicinal cannabis trial gets green light on Norfolk Island: Tasman Health Cannabinoids gets production licence
The Tasmanian company that applied to trial medicinal cannabis in the state has been given the go-ahead elsewhere.
Like Tasmania, Norfolk Island has an historic past that struggles financially and depends on assistance from the Commonwealth.
But as the island's Health Minister Robin Adams explained, it was keen to pull itself out of that mire.
"We are open for investment, we are open for business on Norfolk Island," she said.
Norfolk Island is an external territory of Australia - it is not part of Australia's taxation or welfare system.
Dependent on tourism, it was hit hard by the global financial crisis.
Ms Adams said the island saw visitor numbers halve from around 40,000 a year to 20,000.
"We see this as a great opportunity both for the economy of Norfolk Island whilst providing a much needed medical product for export," she said.
The island's government has given Tasman Health Cannabinoids (THC) approval to grow medical cannabis
THC had wanted to conduct its trial in Tasmania, with the view to it becoming a multi-billion-dollar export industry.
"The Health Minister on Norfolk Island Robin Adams has now given us a production licence to go ahead and progress to grow on Norfolk medical cannabinoids," said the chairman of THC, Dr Mal Washer.
Company 'forced' to look outside of Tasmania
THC had been lobbying the Tasmanian Government to grow the product in the state in a trial with the University of Tasmania. The Tasmanian Government knocked them back.
Ms Adams said Norfolk Island leapt at the chance.
"We have our own dangerous drugs legislation and that legislation was amended with the consent of the Commonwealth of Australia back in 1997," she said.
"As a result of that legislative change I may grant a licence to import cannabis into Norfolk Island, export from Norfolk Island, plant, cultivate tend or harvest cannabis and sell cannabis," she said.
Dr Washer said the company would press on with the trial on Norfolk Island rather than THC's home state of Tasmania for two reasons.
"One, obviously shareholders want a profit from this, I personally and a lot of shareholders feel the same as me," he said.
"The main reason though is to really try and get the best quality product we can, [a] medical cannabinboid product for export to the country where it's legal."
Medical cannabis is legal in a number of European countries, Canada and more than 20 states in the United States.
The drug is sold by weight. In a recent article in the Wall Street Journal it was estimated the drug costs about $US1,000 to produce a pound (about 450g), the same weight sells for $US7,500.
THC's chief executive Troy Langman said it would be a profitable industry once it was established.
"In November we're hoping to kick things off and three to four months later we should have our first harvest, and indoors we're looking at around three harvests per year," he said.
Mr Langman has been on Norfolk Island this week working on the licensing arrangements and regulatory regime.
"We're still hoping to fulfil our initial order that we were lucky to obtain from Canada, that was 1,000kg," he said.
Dr Washer said there would be strict growing and security requirements.
"I guess we'd be looking at a 10-acre site and a glasshouse would cover the bulk of that," he said.
THC in the market for cannabis seeds
Mr Langman said he was now in the process of obtaining enough cannabis seeds to get the project started.
"We'll be obtaining our strains through legal channels from both universities in Australia where there's seed banks and also of course the option to obtain seeds from places like Canada and also from Europe," he said.
But Mr Langman said THC was not giving up on Tasmania.
"We'll continue to push ahead, there's different strains that we want to grow in Tassie's climate we feel really committed to Tassie," he said.
Dr Washer believed there was growing momentum for change in Australia.
"There's five jurisdictions currently looking at this," he said
"Federally of course too, my good friend Warren Entsch, when I spoke to him only a couple of weeks ago intends to introduce a bill into the Federal Parliament to legalise medical cannabinoids."
As well as employment there is likely to be hefty returns to Norfolk Island coffers.
Ms Adams said exactly how much was still being decided, with taxes under discussion.
"I'm of the view that this new industry will align perfectly with the vision that I share with many in this community, that Norfolk Island has the potential to be a centre for health and wellbeing in the Pacific," she said.
Source: http://www.abc.net.au/news/2014-08-01/medicinal-cannabis-trial-gets-green-light-on-norfolk-island/5642110
Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.
(Alan Greenspan)
Flat line chart brings this poem to mind.
Flatline
Tick tock the clock, don't talk, don't stop
Pace quickens into overdrive
Shake off the shock, No care, no thought
The rhythmic pounding clears the mind
Shallow aspirations, patience, faceless, time to move
Hollow inspiration, pretense, faithless, much to prove
And we're looking for reason in the rhyme scheme puzzle pattern of it all
[suffocating debilitating gotta go go go goodbye]
And we're learning the hard way, everything didn't matter after all
[Suffocating hope is fading the truth will blow blow blow your mind]
Flatline decline, no time, rewind
blood thickens running out of luck
Fight back the past too fast you crash
Forsaken, nobody gives a f*ck
Hallowed desecration, ancient nameless, born to lose
Swallow confrontation, take it, face it, no one knew
And we're looking for reason in the rhyme scheme puzzle pattern of it all
[suffocating debilitating gotta go go go goodbye]
And we're learning the hard way, everything didn't matter after all
[Suffocating hope is fading the truth will blow blow blow your mind]
Tick tock the clock (There is no way out)
Shake off the shock (Time is running out)
Tick tock the clock (What do we do now?)
Shake off the shock (Kill the pain somehow)
And we're looking for reason in the rhyme scheme puzzle pattern of it all
[suffocating debilitating gotta go go go goodbye]
And we're learning the hard way, everything didn't matter after all
[Suffocating hope is fading the truth will blow blow blow your mind]
Tick tock, the clock, just stopped
Robert Mahoney
It's a slippery slope eh.
Cannabis Science Inc (OTCMKTS:CBIS) Sliding Down
Yesterday Cannabis Science Inc (OTCMKTS:CBIS, CBIS message board) opened with a gap down they couldn't overcome and dropped by almost 4% on 2.9 million shares.
On June 04 CBIS filed their latest quarterly report, which was handed in half a month later than expected. The long awaited 10-Q for the quarter ended March 31, lists:
cash: $866 thousand
current assets: $1.4 million
current liabilities: $4.1 million
revenue: $1031
net loss: $5.8 million
The cash supplies are certainly larger than what a lot of OTC companies have, but they're still not large enough to cover their expenses for the quarter, and their revenue is pitiful. They attribute the net loss to settlements of debt and anticipate their revenue would be “limited” in the near future. The whole report was somewhat disappointing.
The company's latest press release is from July 18, and it announces CBIS's CFO's inclusion in a Wall Street Journal commentary piece about the marijuana industry. This PR was probably the reason behind Friday's slight increase in price.
In another press release from June 02, CBIS announced that one of the company's co-founders will be leaving the company due to health issues. Before leaving, he sold his 500 thousand preferred series A shares to the Bogat Family Trust. Raymond C. Dabney is the owner of The Bogat Trust, and after the purchase, he now has 57% voting control over CBIS.
An issue we have already mentioned in our previous articles is the fact that the company is very close to reaching its limit for authorized shares. As of June 02, there are 844 million outstanding shares out of 850 million authorized. An increase of the A/S amount hasn't been mentioned in the 10-Q, but it is a logical assumption.
When you look through CBIS's filings on their OTC company profile, you discover a lot of Form 4s, which let us know that since the beginning of 2014, insiders have sold more than 11 million shares.
All of these issues should be considered before making an investment in CBIS.
Source: http://www.hotstocked.com/article/87654/cannabis-science-inc-otcmkts-cbis-sliding-down.html
Any word on the trademark infringement case against Endocan Corp.
http://www.rfcexpress.com/lawsuits/trademark-lawsuits/new-jersey-district-court/658499/endo-pharmaceuticals-inc-v-endocan-corporation/summary/
What's the scoop Betty Boop on the trademark infringement case against Endocan Corporation? ENDO Vs ENDO. Will be an interesting outcome for sure.
The far end!
If this is a game then there needs to be rules to prevent cheating. So long as all players in the game are honest, then everyone has a chance at winning, or losing. So long as it is a fair playing field with all the cards in the deck,it can be an interesting game to play.One can only hope the dealer is honest eh!
I am watching this company very very closely.
Nihil omnino arte pugnae qui plenus perfudisse, nudam et simplicem iustitia quam alius.
The advice I have from Dr Manuel Guzman is that it is THC that is the primary cancer killing cannabinoid.
Cannabigerol (CBG) also has been subject to relatively few scientific trials since its discovery in 1964. To date, there exist only limited number of papers available referencing the substance – a keyword search on PubMed yields fewer than 55 citations – which has been documented to possess anti-cancer, anti-inflammatory, analgesic, and anti-bacterial properties. According to a 2011 review published in the British Journal of Pharmacology, “[A] whole plant extract of a CBG-chemotype … would seem to offer an excellent, safe new antiseptic agent” for the treatment of multi-drug resistant bacteria. A more recent review published this year in the journal Pharmacology & Therapeutics further acknowledges that CBG and similar non-psychotropic cannabinoids “act at a wide range of pharmacological targets” and could potentially be utilized in the treatment of a wide range of central nervous system disorders, including epilepsy.
That's interesting considering one of the patients made a post at Facebook today. Perhaps it was her ghost? More realistically it was actually a live person - the patient.
HEMP Party in Australia is a voice for the people. I am also a member of the Australian HEMP Party.
Things are changing in Oz. More and more folks are realising that cannabis kills cancer.
https://www.icmag.com/ic/picture.php?albumid=48590&pictureid=1133207
I know both patients personally.
That pic is a screen print of a post I made some time ago.
See this - https://www.avma.org/news/javmanews/pages/130615a.aspx
The first two patients who had a Basal Cell Carcinoma and Squamous Cell Carcinoma are still CANCER FREE. What more do you want!
Funny thing faith. One thing I know is that if you never have faith you can never win.
I have faith. I believe. I know. Cannabis kills cancer - just ask my patients here in Australia. They had the faith. They believed. And now they are cured.
It's called "faith" in what is right and proper!
Vmax, what say we go to Uruguay instead of Spain lol. Sunny and warm and a terrific President who understands the truth about medical cannabis.
Your post has zero to do with my post. The post I made was a direct reference to a study in Japan, not a study done by CBIS.
CBIS however is on the right path and will prevail. This Japanese study simply confirms the science that CBIS already knows and understands.
Cannabinoids Found to Reduce 90% of Skin Cancer in Just 20 Weeks, According to New Study
July 25, 2013
http://onlinelibrary.wiley.com/doi/10.1111/jphp.12082/abstract
A new study conducted by the Tokyo Metropolitan Institute of Public Health, and published in the newest issue of the Journal of Pharmacy and Pharmacology, has found that cannabinoids can reduce up to 90% of skin cancer in just a 20 week period.
For the study, researchers used synthetic cannabinoids (natural, cannabis-derived cannabinoids are typically even more effective) on mice with skin cancer in a 20 week study, and found that the cannabinoids had a hugely positive effect, reducing skin cancer by up to 90% as well as “inhibiting tumor promotion”.
Researchers conclude:
This is the first report indicating the structure–activity relationships for the anti-inflammatory activity of synthetic cannabinoids on TPA-induced inflammation in mice. Naphthoylindoles, JWH-018, -122 and -210 [synthetic cannabinoids], had the most potent anti-inflammatory activity and also markedly inhibited tumour promotion by TPA in the two-stage mouse skin carcinogenesis model. The present results suggest that synthetic cannabinoids, such as JWH-018, -122 and -210, may be used as cancer chemopreventive agents in the future.
Oceania is a big geographic area. Plenty of room for CBIS. The true believers will see it come to fruition. CBIS will lead the way where others are too scared to go.
Cannabis is a healer. CBIS is the vehicle for access. Go CBIS!!!
Is Australia ready for the "booming" cannabis industry?
Cannabis Industry Investments Up; Australia Gears Up for Cannabis Boom
By Athena Yenko | June 18, 2013 3:33 PM EST
ArcView Investor Network organized a conference for those companies welcoming the idea of investment in legal cannabis companies. The conference was attended by at least 18 companies which investments will not involve selling marijuana, rather, providing services to the cannabis industry. Services to be rendered by these companies are security, lighting and storage.
Troy Dayton, Chief Officer of the ArcView Group was very positive about the emerging cannabis industry. He said that the conference held was "a historical moment, We're announcing to Wall Street, this is the real deal." He also said that the rise of the cannabis industry will be something like the technology boom of the 1990's.
Reports showed that the future of the cannabis industry is something that cannot be disregarded. A report from Medical Marijuana Business daily said that lawful sales of marijuana will reach $1.5 billion this year and could quadruple by 2018.
A 2005 Harvard economist report showed that if cannabis is to be legalized in all states of the U.S., it can save up to $13.7 billion in tax revenue and decreased law enforcement costs.
CNBC reported that both legal and illegal sales of cannabis are estimated to more than $120 billion a year.
Interestingly, a PEW research Center poll turned out that majority of Americans support the legalization of cannabis.
Is Australia ready for the "booming" cannabis industry?
Those investors who are seeing the big potential in the cannabis market will find it disappointing to know that the emerging cannabis market is still long shot in the country, mainly because of the laws encompassing the cannabis offense.
According to NCPIC (National Cannabis Prevention and Information Centre), It is illegal to use, possess, grow or sell cannabis in Australia, but the penalties for cannabis offences are different in each state and territory.
HOWEVER, investors might be surprised to know that regions in the country have lenient laws on cannabis offense. This might be an indication that if ever the cannabis market will prove its worth in the coming years, Australia might look into legalising cannabis after all.
NCPIC said that there are decriminalized minor cannabis offences that can just be dealt with civil penalty through a minimum penalty rather than being criminally charged. Such minor offense includes possession of a small amount of the drug for personal use.
South Australia's law on cannabis states that "possession of up to 100 grams of marijuana, 20 grams of hash, one non-hydroponic plant or cannabis smoking equipment leads to a fine from $50 to $150 with 60 days to pay it.
In Australian Capital Territory, "possession of up to two non-hydroponic cannabis plants, or up to 25 grams of marijuana receives a $100 fine with 60 days to pay instead of a criminal charge. Instead of paying the fine, the person may choose to attend a drug assessment and treatment program.
In Northern Territory, "possession of up to 50 grams of marijuana, one gram of hash oil, 10 grams of hash or cannabis seed, or two non-ghydroponic plants can be fined $200 to pay rather than face criminal charge.
In regions like New South Wales, Queensland, Victoria and Tasmania, cannabis offense is regarded as criminal offense but the laws were relaxed for first time users.
New South Wales law states that, "possession of up to 15 grams of cannabis in NSW may receive a caution from the police."
In Queensland, "possession of up to 50 grams of cannabis, the person caught will be offered diversion."
In Victoria, "possession of no more than 50 grams of cannabis will receive a caution."
In Tasmania, "possession of up to 50 grams of cannabis can be given a caution up to three times in ten years."
To contact the editor, e-mail: editor@ibtimes.com
Source: http://au.ibtimes.com/articles/479912/20130618/cannabis-industry-australia-wall-street-new-south.htm#.UcBWoNjIVWo
This is a billion dollar industry treating pets. I am confident that CBIS will be a part of this in the future.
Lots of animals other than pets could be helped by cannabis oil. Cows get udder cancer, Tassie Devils get facial cancer...in fact cannabis is terrific for treating most if not all mammals, who all share an endocannabinoid system. Amazing!
I see CBIS leading the way.
Also, Dr Doug Kramer, the Veterinarian in the article in the link, is a friend of mine. He has a page at Facebook - Enlightened Veterinary Therapeuticshttps://www.facebook.com/EVTvet?ref=ts&fref=ts
Extract it shall be lol
When you get to Australia we will smoke a huge phatty in honour of CBIS. Gotta love Australian buds.
Here is an example of some Aussie buds - a 7 meter monster Hmong Thai and below that a Mullumbimby Madness.
https://www.icmag.com/ic/picture.php?albumid=646&pictureid=1072926
https://www.icmag.com/ic/picture.php?albumid=646&pictureid=1026587
Gonna leave this town, yeah
Gonna leave this town
Gonna make a whole lotta money
Gonna be big, yeah
Gonna be big, yeah
I'm gonna buy this town
I'm gonna buy this town
An' put it all in my shoe
Might even give a piece to you
That's what I'm gonna do,
what I'm gonna do,
what I'm gonna do
Hear My Train A Comin' - Jimi Hendrix -
I am inundated daily with Australians looking for healing with cannabis based products. The word is slowly getting out that cannabis kills cancer. Hopefully in the near future CBIS will be able to meet the patient needs for everyday Aussies. Bring it on CBIS!!!!
William Courtney and his work with dietary cannabis is quite amazing. I just wish it were not so far from Australia or I would attend the TY Expo to hear him speak.
Here is a great article dietary cannabis that Dr Courtney wrote for Treating Yourself Magazine. http://www.cannabisinternational.org/info/treatingyourself.pdf
I have my ticket mate. First class all the way.
I think I know the site you are talking about (MNS?). Can you pls pm me there as I don't have pm access here, so we can talk more.
CBIS is indeed going to do great things.
Here is a link to the NSW Parliament Inquiry into the medical use of cannabis. http://www.parliament.nsw.gov.au/prod/parlment/committee.nsf/V3ListSubmissions?open&ParentUNID=7641E8D87AC53FB3CA257ABF00134E57
Use of cannabis for medical purposes (Inquiry)
This inquiry is a current Legislative Council inquiry conducted by the General Purpose Standing Committee No. 4. This Inquiry was established by the Legislative Council on Thursday 22 November 2012 to inquire and report on the use of cannabis for medical purposes.
The Inquiry will examine the efficacy and safety of using cannabis for medical purposes; if and how cannabis should be supplied for medical use; the legal implications and issues concerning the use of cannabis for medical purposes and any other related matters. The Inquiry will examine a range of modes by which the chemical properties of cannabis may be accessed for therapeutic purposes, from smoking of the plant to the manufacturing of pharmaceutical products consumed in nasal sprays, tablet or other forms.
Terms of Reference
1.
That General Purpose Standing Committee No. 4 inquire into and report on the use of
cannabis for medical purposes, and in particular:
(a) the efficacy and safety of cannabis for medical purposes;
(b) if and how cannabis should be supplied for medical use;
(c) legal implications and issues concerning the use of cannabis for medical purposes;
and
(d) any other related matters.
2.
That the Committee report by 14 May 2013.
COMMITTEE MEMBERSHIP
The Hon Sarah Mitchell MLC The Nationals (Chair)
The Hon Robert Borsak MLC The Shooters and Fishers Party (Deputy Chair)
The Hon Amanda Fazio MLC Australian Labor Party
Dr John Kaye MLC The Greens
The Hon Trevor Khan MLC The Nationals
The Hon Charlie Lynn MLC Liberal Party
The Hon Adam Searle MLC Australian Labor Party
The image was posted at Facebook by Roland A Duby
Can you pls contact me at Facebook.
Yes, all is well in Australia. We have been very busy recently with a NSW Parliament Inquiry into the medical use of cannabis. Times are changing and optimism is building. We have the long boards out as there is a huge swell coming with too much momentum for the Man to stop. Turn and face the strain!
I hear you mate, I hear you. CBIS at the moment may be seen as an ugly duckling, but once laws change CBIS will be seen as an elegant swan.
I have been told by Professor Manuel Guzman that CBD is indeed a cancer killer, as well as THC. The mode of application is different of course as the CBD component is applied topically, whereas THC is best applied internally.