Under Amendment Law 2019, which takes effect on 31 January 2020, adults are allowed to grow a maximum of two cannabis plants and possess up to 50 grams of cannabis per person. A law passed this week, expected to take effect on 31 January 2020, would explicitly allow adults to grow two cannabis plants for themselves. 

In addition, the new law would allow adults to possess up to 50 grams of marijuana for themselves or another person. Marijuana is Australia’s most popular illegal drug, and although it is still illegal at the federal level, states, territories and nations treat it differently.

The law amends existing ACT criminal offences so they no longer include possession or cultivation of small amounts of cannabis. Under current ACT law, possession of 50 grams or more could be fined at $8,000 and up to two years in jail, and would land you with a possible AU $160 fine.

Despite the law change in the ACT, the federal law will continue to criminalise cannabis in the nation’s capital. The ACT is now the only state in Australia with legalised cannabis for recreational use, but regulations can vary from state to state. Laws to legalise medical marijuana across Australia have been in place for several years, and despite changes to ACT law it is still not legal. 

The global legal cannabis market is expected to double in the next five years and reach a value of about 146.4 billion dollars by 2025. 

The Jamaican King Bong (Photo courtesy www.cloudychoices.com.au)

Sales growth is largely driven by the increasing use of cannabis – based medicines such as cannabis oil and cannabis extracts. Australia appears poised to follow the trend of increasing legalisation in countries that have legalised marijuana when medical marijuana becomes legal in Australia in 2016. The cannabis industry is currently gaining traction in an increasing number of countries around the world, particularly in the United States, Canada, Australia and Japan.

Marijuana has been illegal in Australia since 1928 and has remained largely the same since, with the exception of a small number of offences where offenders face fines and penalties for possession. There are no legal restrictions on the use of cannabis oil or cannabis extracts for medicinal purposes, and there is no prohibition on their use for recreational purposes. 

With the passing of the Cannabis Regulation and the Cannabis Act 1996 (ACT) Canberra became the first city in Australia to legalise cannabis for personal use. The use and distribution of cannabis is prohibited under the Australian Criminal Code and the Australian Criminal Law Act 1998 (ACLA). 

Canberra under-18’s will be allowed to possess 50g of cannabis and grow up to two plants, but households will only be allowed to have four plants in total and hydrogen cultivation will remain illegal, ABC reports. Australians are now able to possess up to fifty grams of cannabis and grow between two and two-and-a-half plants.

The new law, which was passed in the Australian Capital Territory in September, now comes into force in Victoria, New South Wales, Queensland, South Australia, Tasmania, Victoria and Western Australia.

Australia’s capital is the first part of the country to legalise cannabis for both personal and recreational use. Under the new law, which came into force on 31 January, adults in Canberra can take up to one gram of dried cannabis and grow two cannabis plants. The Australian capital territory allows people to possess fifty grams of cannabis and grow up to two plants at home for personal use and medicinal purposes.

On Wednesday, the Australian Capital Territory’s Legislative Assembly voted to legalise possession of the drug for personal use for the first time in the country’s history, according to The Canberra Times.

The opposition voted against the law, arguing that the change would encourage more people to use marijuana and lead to more drug use – induced psychosis.

In the 1920s and early 1930s cannabis was a legalised drug, but it was dangerous, so much so that the US government came up with the idea of banning the drug as a reason for doing so. Today, cannabis is one of the most illegal drugs used around the world, both illegal and legal. It is now legal in certain parts of Canada, where there is a “cannabis park” where people can smoke and relax with friends, and it has reduced the amount of cannabis smuggled in from other countries and states.

If legalised in Australia, will it stop people from smoking it illegally or being paranoid? Despite the fears, the sale of Australia cannabis smoking devices, and the hunt for the best Australian bongs, still remain a popular past-time for Australian  recreational users.

The post Legalisation Of Cannabis In Australia appeared first on OzMedia.

Twitter’s life as a publicly listed company has been short, and bitter for the major part. The San Fransisco, California-based micro-blogging company listed at a market cap of nearly $25B, which was called expensive at the time of the IPO. Twitter Inc. (NYSE:TWTR) immediately proved the naysayers wrong, gaining 60% in just 2 months following the IPO. However, the $39.3B valuation was the peak and the ride thereafter has pretty much been downhill. The Micro-blogging platform is today valued at a  market cap of $10.6B, down 58% from its listing valuation and 73% from the post-IPO peak. That’s been Twitter’s story, and it isn’t going to get better anytime soon. The future for TWTR stock looks just as bleak as the past, if not worse. Here is why we would be wary of buying into the micro-blogging platform even at these seemingly ‘cheap’ or ‘beaten-down’ prices.

The company has delivered little to justify valuations.

At the time of its listing, Twitter was valued at a whopping 44.8x its trailing twelve month (TTM) revenue of $534.5M, and the company has achieved little to justify those lofty valuations. Yes, the company has managed to grow its top line at a rate of 56% YoY, but that growth hasn’t dripped down to the bottom line. (Also, growth in recent quarters has dropped to single digits, which is worrisome.) Twitter continues to bleed money, with the company having reported a net loss of $456.9M in FY 2016. Not surprisingly, the TWTR PS ratio has dropped to sub-5 levels, with Twitter stock currently quoting at 4.14x its TTM sales. However, it is hard to justify even these valuations, given Twitter’s bleeding bottom line. The only time Twitter valuations look attractive is when you compare against Snapchat. And well, this isn’t saying much, given that Snapchat enjoys insane valuations which are far from sustainable. All in all, topline growth is the biggest positive Twitter has delivered in the three years since its IPO. Is that good enough? Well, not good enough to justify the lofty valuations.

The emergence of the biggest competitor.

The fundamentals of Twitter are just one-half of the story. And, while the micro-blogging platform has been taking steps to rectify the sorry state of the fundamentals, the story could have gotten just a bit more scary on another front: competition. In fact, the emergence of a new competitor could bring into question Twitter’s status as the number one micro-blogging network. Yes, you read that right. As per various news sources, Mastodon, a relatively new micro-blogging platform founded by 24-year-old Eugen Rochko, is the latest challenger to Twitter’s ‘cult status’ among micro-bloggers. And, people are starting to take notice. According to Jack Morse from Mashable, Mastodon is “an underdog with serious spunk.” Comparing the two networks, Morse writes that the increasingly popular social network delivers a Twitter-equivalent micro-blogging experience, but with better privacy controls.

Read the full story at AmigoBulls.com

The post Can Mastodon Bring Down Twitter? Maybe and Here’s How! appeared first on OzMedia.

Solingen, Germany – OZMEDIA (March 15, 2017) –Knife maker Sternsteiger Stahlwaren has come up with an amazing new concept alloy for their knives, that combine stainless steel and titanium. The knives have mirror-polished blade, which gives them  a unique appearance, thus improving their slicing and cutting ability and also greatly reducing friction.

The stainless steel knives come with a steel core and thin layer of titanium bonds, which makes the blades super strong.

The blades have a 58 Rockwell hardness without the coating of titanium and there is 61 Rockwell hardness with the added titanium layer. Sternsteiger Stahlwaren offers a full series of knives that comes in a blend of stainless steel and titanium.

The products come in “chef’s knife grade” with a hollow edge. Titanium has various powerful features, such as strength, resistance, flexibility and lightness.

Due to these features, the material is indispensable in the aerospace industry. Every Titanium knife boasts a full tang design. The steel core extends to the butt from the point, and it is constructed of a resistant, high wear Carbon Stainless Steel. A 0.1 micro m titanium layer coats the blade.

Titanium Knife Getting It’s Solinger Dünnschliff Finish

The Santoku blade has unique geometry and boasts of a cutting edge that is linear. The knife usually slices downwards and can rock the tip forward in order to make a cut. It can offer the best experience to customers, irrespective of the purpose it is being used for.

About Sternsteiger Stahlwaren

Sternsteiger Stahlwaren is a knife manufacturer that brings out first-class products coming with superior quality. The knives are a product of advanced research and can offer the best customer experience.

For further information and enquiries, visit the companies Kickstarter page at https://www.kickstarter.com/projects/627780286/1649010971?token=1a5f060d

Contact

Sternsteiger Stahlwaren GmbH

Höhscheider Str. 7-21

42699 Solingen, Germany

Contact Person: Mr. Usmann Butt (Representative)

Phone no: 0049 2122 409 10 52

E-mail: info@sternsteiger.de

The post German Company Launches Titanium and Stainless Steel Revolutionary Knives appeared first on OzMedia.