Israeli cabinet approves law to allow medical cannabis exports

Israeli companies are among the world’s biggest producers of medical cannabis
Reuters (UK)
Sunday, January 27, 2019

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. The bill, backed last month by parliament, allows companies approved by the health regulator and police to export medical cannabis to countries that permit its use. Israeli media said exports could start in as little as nine months. “I am glad this is finally happening. It opens a very big market in Israel. The technology is here in Israel and until now we simply had to give the technology to other countries,” said Justice Minister Ayelet Shaked. (See also: Stocks soar as Israel allows cannabis exports)