Medical cannabis stocks reaps windfall at Tel Aviv Stock Exchange as the reform, meant to allow the export of medical marijuana farmed & processed in Israel, was passed with the intention of infusing up to $1 billion annually into state coffers.
The Knesset, Israel’s parliament, on Tuesday approved a reform that would allow the export of medical cannabis farmed and processed in the country. In total, 21 MKs voted for the law, which passed unopposed. The implementation of the reform, in the works since 2016, is still pending a final vote by ministers.
The reform is forecasted to bring the country anywhere between $70 million and $1 billion a year. Continue Reading »