Israel’s Parliament 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 Cabinet is yet to approve. This step is seen as a formality.
iCAN, the Israeli medical cannabis company, said that 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.
The law was approved on 25th December 2018, sending cannabis company shares rising by about 10%. 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.
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from CURRENT AFFAIRS – Fresherslive http://bit.ly/2rVvJXF
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