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April 17, 2019 9:58 am

Got the Munchies? Israeli Company Raises $1 Million to Infuse Cannabis in Pizza

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An illustrative view of a pizza pie. Photo: Pixabay. – Cannibble FoodTech Ltd., has raised more than $1 million to infuse pizza with cannabis, announced the Israeli food company on Monday.

Cannibble, through 1,100 backers, was the first to raise more than $1 million by utilizing Israeli crowdfunding platform Pipelbiz, a spokesperson for the latter told Calcalist on Monday.

Founded in 2018, Cannibble infuses already-made food and beverages – including iced coffee mix, sweeteners, cake mixes, and both pizza and popcorn toppings – with THC, the key ingredient in cannabis that could get consumers high, according to the company.

Earlier this month, Israel enacted a new law that decriminalize personal cannabis use and possession. In January, Israel’s Knesset passed a bill to approve the export of medical cannabis, which could generate several hundred million in tax revenue for the state.

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