Israel Unanimously Approves Medical Marijuana Exports

The law was stalled for years over fears from security officials that medical marijuana would leak into the black market.

Israel, Marijauna
An Israeli woman works at Tikkun Olam medical cannabis farm, near the northern Israeli city of Safed, Israel, Nov. 1, 2012. Late Tuesday, Dec. 25, 2018, Israel's parliament unanimously approved a law to permit exports of medical marijuana. VOA

Israel’s Parliament has unanimously approved a law to permit exports of medical marijuana, allowing Israel to tap the lucrative global market.

Israel will become the third country, after the Netherlands and Canada, to take its medical cannabis global.

The Israeli medical cannabis company iCAN predicts the global industry will reach $33 billion in the next five years, as stigma fades and demand grows for the few countries certified to export.

Marijuana, Canada, israel
In this July 12, 2018 file photo, a newly-transplanted cannabis cuttings grow in pots at a medical marijuana cultivation facility in Massachusetts. (VOA)

The law was approved late Tuesday, sending cannabis company shares rising by about 10 percent.

The law was stalled for years over fears from security officials that medical marijuana would leak into the black market. To assuage concerns, the law empowers police to supervise licensing.

Also Read: Marijuana Considered Safe to Cure Epilepsy in Kids

The Israeli Cabinet must give final approval — a step seen as a formality. (VOA)

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