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Israeli cabinet approves law to allow medical cannabis exports


Israel's cabinet approved a law to allow exports of medical cannabis in a move expected to boost state revenues and the agriculture sector, and which frustrates critics who fear it could lead to more recreational use of the drug.

Jan 26 , 2019 Israeli government will approve cannabis exports - After three years of discussions, the government is expected to approve the export of medical cannabis from Israel .

According to the inter ministerial committee, which will be approved by Prime Minister Benjamin Netanyahu, export of cannabis-based medical products, such as inflorescence and oils, will be approved abroad.

A $30 million cannabis technology venture capital fund is under establishment by Jerusalem-based global investment platform OurCrowdand the 7thirty Opportunity Fund of Boulder, Colorado.

The new fund will invest in emerging companies involved in med-tech, ag-tech, retail, e-commerce, marketplaces and deep-tech research related to cannabis.

#agriculture #cannabis

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