(May 14, 2020 / JNS) 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.
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.
Support Jewish Journalism
with 2020 Vision
One of the most intriguing stories of the sudden Coronavirus crisis is the role of the internet. With individuals forced into home quarantine, most are turning further online for information, education and social interaction.
JNS's influence and readership are growing exponentially, and our positioning sets us apart. Most Jewish media are advocating increasingly biased progressive political and social agendas. JNS is providing more and more readers with a welcome alternative and an ideological home.
During this crisis, JNS continues working overtime. We are being relied upon to tell the story of this crisis as it affects Israel and the global Jewish community, and explain the extraordinary political developments taking place in parallel.
Our ability to thrive in 2020 and beyond depends on the generosity of committed readers and supporters. Monthly donations in particular go a long way in helping us sustain our operations. We greatly appreciate any contributions you can make during these challenging times. We thank you for your ongoing support and wish you blessings for good health and peace of mind.