No, you don't have to throw it away. There is a story that a child died from eating a leaf, but that's jus an urban myth. Wiki says that a child would have to eat 500 leaves before there was serious harm. The only people who need to be careful are those who are sensitive to latex.
Dont chuck it We had ours til March last year; it lasted really well. It's only superstition that Christmas decorations being kept up past 6 Jan is bad luck anyway!
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