Bullboard - Stock Discussion Forum MPX International Corp C.MPXI

Alternate Symbol(s): MPXOF

Healthcare

MPX International Corporation is a Canada-based multinational diversified cannabis company. The Company is focused on developing and operating assets across the international cannabis industry with an emphasis on cultivating, manufacturing and marketing products, which include cannabinoids as their primary active ingredient. The Company operates through three segments: Canada, Europe / Africa... see more

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MPX International Corp > Positive Development for the Cannabis Industry in Australia

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Post by bogdansz on Sep 30, 2019 6:12pm

Positive Development for the Cannabis Industry in Australia

Another positive development for the cannabis industry took place in Australia.

The country’s capital Canberra legalized recreational possession and cultivation of cannabis. Recreational cannabis remains illegal on a federal level in Australia.

Canberra's law allows residents over 18 to possess up to 50 grams of cannabis and grow up to two plants per person, or four per household.

"I believe this is a strong signal about the continued development of the industry in OZ and speaks to the accelerating pace of that development. Clearly, and similar to what we have seen in the United States, there will be a period of conflict between the federal regulations and those proposed for the Capital Territory, but the mere fact that this dialogue is occurring at all points to the changing attitudes in Australia in respect of laws that penalize the adult use of cannabis," Scott Boyes, CEO and president of MPX International Corp (OTC: MPXOF), told Benzinga.

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