(April 16, 2019 / JNS) 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 that amount 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. And 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.