EXL 0.00% 0.5¢ elixinol wellness limited

Our Government loves the headline ""Australia aims for global...

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  1. 65 Posts.
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    Our Government loves the headline ""Australia aims for global domination of medical cannabis market"" with allowing exports of cannabis-based medicines. Alas the reality is it is being engineered for big money and big pharma. Here in the Northern Rivers in the last few years there has been a huge crackdown on marijuana smokers, growers and MM growers. Helicopters, police dogs, car checks , raids... a teenage boy was arrested for smoking one joint in a park in Byron Bay last month. People lose their job, transport, get fined and given criminal records. Meanwhile Canada, US, Europe and others are opening up the laws.

    We have evenly recently made Hemp CBD oil a schedule 4 for therapeutic use. Must be prescribed by a doctor and supplied by pharmacy. Elixinol stopped supplying the product because it must find doctors or specialists or animal research labs or Uni''s to work with to prepare double blind trials so that a prescribable product can be developed and registered by the TGA.

    Complicated legislation- for Elixinol MM in Australia Its in the prospectus - ODC Import License, ODC cultivation/production license, ODC manufacture license, NSW health manufacture license, wholesale supply license, Authorized Prescriber Scheme, breeding programs, partnering with leading researchers, medical education program, clinical trials, GMP/ TGA certification facility, local council development approvals. Long and expensive process.
 
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