Israeli Cannabis Exports Expected To Reach $1 Billion Annually

December 18, 2017

For a tiny country, a little bigger than the State of New Jersey, Israel is a world leader when it comes to medical cannabis. That is true for research, development and now mass-export is on the cards, and it’s dubbed to top $1 billion annually.

The new mass-export idea is thanks in part to the Israeli Ministry of Agriculture, who recently classified the growing of medical cannabis to be the same as in the ‘farming sector.’ The means that Israeli medical cannabis farmers will receive government aid, grants, training and even water quotas.

Then, there’s the Ministries of Health and Finance who also think that exporting cannabis from the Israel is a good idea. And why wouldn’t they? As Israeli farmers could export $1 billion worth of the plant per year, combined. And that’s not even to mention the Israel domestic medical cannabis market which is growing.

Israel has been big in medical cannabis since the 1960s, when various Israeli Professors (the most noteworthy being Prof. Raphael Mechoulam) and scientists carried out ground-breaking research, finding that cannabis could help in treating cancer, epilepsy, and even repairing brain tissue. As cannabis research was allowed by the government of Israel (as opposed to everywhere else in the world where it’s basically illegal) the Jewish State got a head start decades ago, and that fact is now about to reap some amazing benefits.

The new expected revenue from exports hasn’t come cheaply though, as various government officials in Israel announced that they would invest at least $2 million across 13 new research projects in Israel, and other funding is also being routed in that direction.

Clifton Flack, CEO and co-founder of Israeli cannabinoid company CIITECH, said recently, “There is significant demand for Israeli cannabis. We’ve been talking about this country as the epicenter of research for a number of years.”

That, together with Israel’s unique ability to make things grow in the middle of the dessert, enabling new ecosystems. Coupled with Israel’s amazing hi tech capabilities means that soon enough, according to many pundits, Israel will be at the forefront of cannabis. In terms of R&D, clinical trials and mass-export.


[Image credit: Pixabay]


The post Israeli Cannabis Exports Expected To Reach $1 Billion Annually appeared first on Cannadelics.

Also in Education

Missouri to Vote on Recreational Cannabis, Expungement Amendment

August 15, 2022


Missouri to Vote on Recreational Cannabis, Expungement Amendment by Aron Vaughan

Nov. 8, Missouri residents will have the opportunity to vote on legalization of adult-use cannabis.  Missouri passed a constitutional amendment for medical cannabis in 2018 and advocates are looking to build on the momentum in the state.  Amendment 3, the Marijuana Legalization Initiative, is on the ballot in Missouri as an initiated constitutional amendment. If […]

A link to your site, with your site's name and description as anchor text.

Continue Reading

Cannabis Europa 2022, lifting your head to see the horizon

August 15, 2022

The location of Cannabis Europe is a fascinating echo of an industry that has seen better times in the UK. Old Billingsgate market was set up in 1850 and ran at its location until 1982, the UK’s famous fish market then moved to new locations as the fishing industry declined.  The cannabis industry by any …

Continue Reading

2022 Cannabis Ballot Measures: Up to Six States Voting for Recreational

August 13, 2022

They’re not there yet, and they might not get there, but this coming November, at least three states, (and possibly six), are putting it up to voters in yet more cannabis ballot measures for recreational legalizations. Will we get up to 25 legal states by the end of elections? 2022 elections are going to be […]

The post 2022 Cannabis Ballot Measures: Up to Six States Voting for Recreational appeared first on Cannadelics.

Continue Reading