Israel gave approval on Wednesday for exports of medical cannabis, paving the way for sales abroad that the government expects to produce hundreds of millions of dollars in revenue.

“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.

Cohen gave final approval for the exports more than a year after the cabinet backed a new law to permit them. Cohen’s order takes effect in 30 days, allowing exporters to apply for a licence from the Health Ministry.

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Steven Scheer ~ Reuters.com ~