Australian (ASX) Stock Market Forum

Cannabis

All the proposed and current production in Aust is under glass with supplementary lighting, glass and lights are expensive to setup and run, the larger projects in north America are outdoor with no lights and no glass house, and thats the problem for the Australian growers, with recreational prohibition in Aust its impossible to grow outdoors on a large enough scale to compete with the north Americans.

Los Sueños Farms in Pueblo, Colorado.
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Found something interesting, Cannabis Doctors Australia Pty Ltd is a business that is actually writing prescriptions and helping patients access medical cannabis.

Disclaimer: i do not hold and have no affiliation with this company, they are looking for investors and im thinking about it. https://www.cdaclinics.com.au/
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The C of E has given weed its blessing! :xyxthumbs:cool::D

Medical Marijuana Gets Backing From Church of England, FT Says

Even religious bodies are seeing the light when it comes to cannabis. The Church of England will relax a self-imposed ban and consider investments in medical marijuana, the Financial Times reported.

The Church Commissioners for England will still exclude recreational cannabis producers, the FT said, citing Edward Mason, the head of responsible investment at the entity that oversees the church’s 12.6 billion pound ($16 billion) investment portfolio. More...
 
Since Colorado legalised i have been following the rise of Cannabis increasing when Cali and Canada both went legal as well, Youtube is full of grow and info videos with some micro grows in small spaces, there are maybe 100 web sites selling 100's of variety's of seeds, auto flowers, feminised all sorts - its a big industry that is now somewhat unstoppable due to size and the Internets ability to make everything local and easy.

Aust Post and customs are being overwhelmed with imports via the post and they can do little to stop it, seeds in general dont smell like pot so the dogs cant detect them, auto flower feminised seeds only take 3 or 4 months to mature and can be grown in a small suitcase sized area.
I don't think handling cannabis is a matter of a child game. People like to get high wherein the other hand medical cannabis is getting more and more popular among cancer or autism patient. So gov should build a clear and strict path to control the use of cannabis.
 
I don't think handling cannabis is a matter of a child game. People like to get high wherein the other hand medical cannabis is getting more and more popular among cancer or autism patient. So gov should build a clear and strict path to control the use of cannabis.

I probably doesn't matter what you and i think, the Cannabis/Hemp wave is unstoppable, Aust Govt is tightly regulating at the moment but then so did Canada and many US states at the beginning, over time the rules get eased and markets opened up, after all its just pot, non toxic, mostly harmless, and apparently really good for chronic pain relief.
 
im not sure about other brokers but FXCM offers a basket traded through CFD's under the contract CANNABIS.
 
From 7 News

Medicinal cannabis is set to be made available over the counter without a prescription within months.
The government making an 'interim decision' experts say could spark a $200 million market.
 
Coincidentally I was just reading the latest announcement from IDT informing that Sandon Capital (SNC) an ASX listed LIC, has increased its substantial holding in IDT to 21%. Sandon is cum div by the way and trades below asset value.
IDT is licensed by the Australian authorities to manufacture medical CBD products and has a supply arrangement with CAN.
IDT hasn't made a statutory profit for many years but made a tiny EBITDA profit fy20
Has a monthly/qtrly chart I quite like as a turnaround prospect but as usual, after thinking about adding shares in IDT, I am turned off by management's refusal to risk any of their own money at any price. Instead they grant themselves freebies.
Ecofibre (EFO) is my cannabis bet, also has a high tech innovative hemp division (Hemp Black) that has acquired a conventional fabric manufacturer in the U.S. I will add EOF if there's a crash.
 
Do you have experience of using CBD in relation to arthritis or rheumatoid problems? If so have you seen benefits?
 
Investor Summit: Special medicinal cannabis event – Join industry leaders to
discuss key themes and potential winners


12PM AEDT Tomorrow - Thursday 13 October 2022.

screenshot--2022.10.11-15_51_38-min.png

Book your spot in this free event here: https://bit.ly/3SSs4Vn
 
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The ABC has been hyping the use of medicinal cannabis, pushing an article on many social media platforms.

Yep, part of the MSM + globalist conspiracy. Keep the masses stoned and they'll be too lazy to revolt.

There are a lot better things in life for people and governments to be focused on. This nonsense that pot is the magical cure for everything needs to go away. But suppose it will take a generation to change that view. The kids growing up today will get sick of their stoner parents and maybe by 2040 we'll see things change.
 
There are a lot better things in life for people ..to be focused on. This nonsense that pot is the magical cure for everything needs to go away. But suppose it will take a generation to change that view. The kids growing up today will get sick of their stoner parents and maybe by 2040 we'll see things change.
it's called dope for a reason
 
Yep, part of the MSM + globalist conspiracy. Keep the masses stoned and they'll be too lazy to revolt.

There are a lot better things in life for people and governments to be focused on. This nonsense that pot is the magical cure for everything needs to go away. But suppose it will take a generation to change that view. The kids growing up today will get sick of their stoner parents and maybe by 2040 we'll see things change.
i invested in VIT ( CAU back then ) because i knew some folks in severe chronic pain and were using cannabis ( illegally at the time )

as a less addictive pain relief than the prescribed opiates

and CAU/VIT was managing to make a profit ( and pay a modest div. )

well will see if anyone actually does genuine research into cannabis apart from the mental distraction ability ( i lived through the era when Aloe Vera was the 'new wonder herb' as well ) so have seen these fads before but VIT was actually making money and might continue to do so
 
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