Cenedella.de

Patient Advocate since 1977.

Israel takes crucial step to export its world-leading marijuana

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http://www.ibtimes.co.uk/israel-takes-crucial-step-export-its-world-leading-marijuana-1605086

The Israeli government has taken a critical step to allow the exportation of the country’s leading medical marijuana to the United States.

In a statement, the government has said it will look to pass legislation allowing the sale of the drug abroad. It warned it could take months for the bill to pass through the Knesset.

Market observers suggest the market for medical marijuana in the US could grow to $50bn (£40bn) over the next decade, Reuters reported. If it passes the legislation a large proportion of that money could be snapped up by Israeli companies which are considered world leaders in medical marijuana research.

In Israel 23,000 individuals have permits to purchase medical cannabis from nine licensed suppliers, a market of $15m to $20m.

Israel has been making moves towards the decriminalisation of possession of small amounts of marijuana. The country’s health minister Yakov Litzman has publicly backed medical cannabis usage, introducing steps to ease its prescription and sale.

 

Author: Cenedella.de

Philip J. Cenedella IV - The 2-continent Cannabis Consultant First and foremost, I am a Patient Advocate since 1977. I have also served as a Board of Director for the World Trade Center San Diego, as a Lead Consultant for Deutsche Telekom's Executive Board, Founded the Dayton Human Trafficking Accords and have been a C-Level Business Development Executive for over 3 decades. From California, now residing in Germany and providing professional business development services to firms from the USA and Europe. Call +1.888.206.3264 Skype: philip.j.cenedella eMail: phil@cenedella.de

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