Government throws its weight behind medical cannabis sector

Ministry report on the ecosystem’s key players and government incentives is aimed at attracting foreign investment
The Times of Israel (Israel)
Wednesday, November 13, 2019

With the issuance of a wide-ranging ministry report on the medical cannabis industry, Israel is for the first time making clear its intention to back the burgeoning sector, according to a ministry official. The white paper on Israel’s Medical Cannabis Innovation, published earlier this month, maps out the industry’s ecosystem — the key players, leading startups, breakthrough research at academic institutions, government regulations, and opportunities that await investors should they decide to take the plunge. The global medical cannabis industry is expected to grow from $13.4 billion in 2018 to $44 billion by 2024, according to the IMARC Group.