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Gone to pot

THE Holden plant at Elizabeth is proposed as the base for a medical cannabis industry that backers claim will be worth $800 million a year and create more than 2500 jobs.

But shareholders in the Australian Cannabis Corporation have blasted the State Government for being slow to react to meeting requests and failing to make regulatory changes the industry needs.

Australian Cannabis Corporation founder Ben Fitzsimons said South Australia “could become the next Colorado’’ if it moved first into the legal cannabis business.

But shareholders in the Australian Cannabis Corporation have blasted the State Government for being slow to react to meeting requests and failing to make regulatory changes the industry needs.

Australian Cannabis Corporation founder Ben Fitzsimons said South Australia “could become the next Colorado’’ if it moved first into the legal cannabis business.

Colorado legalised cannabis for medical and recreational purposes in 2014 and a report in Time Magazine last month estimated it had a $US2.4 billion ($3.2 billion) economic impact on the state.

The report said it had helped create 18,000 jobs, was the state’s fastest-growing economic sector and raised about $US135 million in state taxes.

How does medical marijuana work?
“We are saying to the government ‘why are you afraid of this?’,’’ Mr Fitzsimons said.

“Why is our thinking restricted to digging a hole in the ground in the desert and burying nuclear waste?’’

He said his struggles to set up business were common in South Australia and pointed to the decision of property developer Con Makris to leave SA and move to Queensland.

“There are guys out there trying to do innovative stuff but they keep hitting the wall,’’ he said. Mr Fitzsimons wants to use half the Holden site to cultivate marijuana crops after Holden closes the doors on its Elizabeth plant next year.

The factory has about 25ha under its roof and the Australian Cannabis Corporation would grow four crops a year hydroponically.

It is not clear what will happen to the site when car manufacturing stops but Mr Fitzsimons said it was possible the State Government could take responsibility for the site in the same way as it did at Lonsdale after Mitsubishi left.

Comments

but people are constantly getting done for growing pot. So does this mean every pot head is off to a doctor and now pot can be taxed?

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Rebodied? when did it become legal to swap the tags?

Called the gumbyment that's why there's so many people getting busted lately for it .l know off a few people that use it for medical reasons .helps them eat with cancer. Eye problems is just a couple.

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Medicinal cannibis is something the big pharmacutical companies will fight tooth and nail to stop because it will cost them money.
We don't hear about it, bit there would be a lot of lobbying going on behind the scenes to stop this idea, no matter how good it is.
I hope common sense prevails and it goes ahead. There are a lot of sick people it would help.
David

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Old is good.

im going to start using it as a preventative measure !!!!

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