Medical marijuana in Israel

Israel to Begin Exporting Medical Cannabis in a Big Way

On Sunday, an interministerial committee consisting of Israel’s Health and Finance Ministries announced its approval of exporting medical marijuana. This will generate an estimated NIS 1 billion to NIS 4 billion extra every year for the state. Now, any operation that meets the necessary requirements may get a license to cultivate, produce, distribute, or store medical cannabis. Globally, the average price for weed is approximately $10 per gram. Medical marijuana prices are steadily growing, however. In 2000, the world was producing roughly 1.3 tons for the cannabis exporting industry, but by 2014, this production grew to a whopping 57.3 tons. The State of Israel sees the opportunities this growth provides, and it is taking decisive steps to get in on the export market. According to Israel’s Finance Minister, Moshe Kahlon, “The export of medical cannabis is an industry with significant economic potential for the State of Israel. It will strengthen …

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