Israeli lawmakers legalize export of medical marijuana - Cannabis

Israel is going into the medical marijuana export business — if its Cabinet agrees. The Knesset has passed legislation that would have Israel join the Netherlands and Canada as nations allowing the legal export of medical cannabis.

Among the countries reportedly eager to trade with Israel include Australia, Germany, Austria and Mexico, according to Forbes.

“Israel is perfectly positioned to enter and disrupt the medical cannabis market that is expected to soar to $33 billion worldwide in the next 5 years,” Saul Kaye, CEO of iCAN, an Israeli medical cannabis company, said in a statement.

“In Israel alone, we quickly expect over $1 billion in sales to countries interested in our products.”

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Marcy Oster ~ JTA.org ~