Tuesday, September 29th | 11 Tishri 5781

Subscribe
May 15, 2020 9:22 am

Israel Moving Forward With Exports of Medical Cannabis

avatar by JNS.org

An employee checks cannabis plants at a medical marijuana plantation in northern Israel, March 21, 2017. Photo: Reuters / Nir Elias / File.

JNS.org – Israel approved the export of medical cannabis on Wednesday in what could lead to an industry boom worth many millions of dollars.

“This is a significant step for exporters and the Israeli industry, which will enable both expansion of export opportunities as well as rising employment … in the field,” said Economy Minister Eli Cohen, according to a Reuters report.

The nod from Cohen came more than a year after the cabinet had supported a new law to allow the export of medical cannabis.

The decision will go into effect in 30 days, with porters will having to apply for a license from the Health Ministry.

Related coverage

September 29, 2020 10:10 am
0

Israeli Treasury: Lockdown Will Cost ‘Only’ $3.4 Billion, Not $5.7 Billion as Originally Projected

JNS.org - Israel’s Finance Ministry on Tuesday issued an updated projection for the economic impact of the nationwide COVID-19 lockdown...

Israel already has 10 farms and five factories with Health Ministry approval, and companies are closing deals with buyers in Europe and Canada, according to the report.

The economy ministry stated that 60,000 Israelis use medical cannabis.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.