Tag Archive for medical cannabis

Israel’s Knesset approves cannabis export

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.

By Calcalist

 

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 »

Israel poised to become global exporter of medical marijuana

Israel’s Public Security Minister opposed the recommendation, but still, an inter-ministerial committee OK’d the export of medical cannabis abroad, even after being warned how Israel may be unprepared to handle the ramifications of the export of this ‘dangerous drug.’

By Eli Senyor, Gad Lior

 

Israel will soon become a major exporter of medical cannabis and be one of the only nations in the world to officially export the plant to countries that approved it for medicinal use, all the while marijuana remains an illegal, controlled substance in Israel.

According to estimates, revenues from the export of Israeli cannabis could reach about NIS 1 billion a year. Continue Reading »