‘Medical cannabis could be worth more to Israel than natural gas'

While Israel is busy sorting out regulation for the natural gas reserves off its shores, a development considered a boon for Israel’s economy, could it be missing an even bigger opportunity in the field of medical cannabis? That was the general consensus at a Thursday conference on how Israel’s farmers could benefit from the growing global market for medical cannabis, hosted by Israel Loss Adjusters Association.

“The US cannabis market stands at $35 billion a year.

Are we able to give up revenues from this market?” asked Doron Havkin, the ILAA’s chairman.

Havkin argued that the government could help the stumbling agricultural sector in the Arava by declaring it a closed zone for growing export-oriented medical cannabis. The nearly 2,500 hectares (6,000) acres of land, he said, were waiting for such a development.

If Israel grew pot instead of peppers, said Dr. Tamir Gadot, CEO of pro-medical cannabis agricultural association...

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