Asia

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Asian
Wed
18
Jul

Budding business: how cannabis could transform Lebanon

Budding business: how cannabis could transform Lebanon.

The town of Brital, in Lebanon’s Bekaa Valley, is a jarring contrast of poverty and ostentatious wealth. Busted-up old vans drive on potholed roads next to gleaming Bentleys and Range Rovers with no number plates and blacked-out windows. Unemployment is rife, and yet the landscape is dotted by large gated mansions.

Tue
17
Jul

How hemp can help India achieve its sustainable development goals

Let's explore how an innovative hemp based business could establish a well-rounded circular economy.

It is a racing certainty that businesses have an important role to play in preventing climate change. But businesses are predicated on profits, and not long ago, entrepreneurs considering businesses that incorporate climate solutions were thought to be “hare-brained”. However, things have been changing gradually. Ever since the recent re-emergence of the trillion-dollar crop – hemp, dispositions are starting to look good for both climate and entrepreneurs.

Wed
11
Jul

How Israel's weed tech industry is taking on America's opioid crisis

America is beginning to see cannabis as an alternative to prescription pills. Israel is years ahead - and its entrepreneurs want to curb a crisis of opioid addiction that is completely out of control.

Years ago, when Perry Davidson sold weed in the Israeli desert, he noticed that most of his customers weren’t just in it for the high. From cancer sufferers to those recovering from operations, most came seeking refuge from pain - without the addiction of prescription pills.

Tue
10
Jul

Israel moving to decriminalize marijuana use this week

This week, the Knesset will vote upon the issue of marijuana decriminalization

The Israeli Knesset, the country’s legislative body, is moving to decriminalize marijuana with a vote set for this week. If the new law passes, it would replace jail time for most of those guilty of cannabis possession with civil fines. The Labor, Welfare and Health Committee approved the bill Monday and has advanced it to the full Knesset for consideration. The final vote on the measure is expected as soon as Tuesday.

Tue
10
Jul

Israel's Together to sell cosmetics based on cannabis, Dead Sea minerals

Israel’s Together Pharma said on Tuesday it will set up a new company with Premier Dead Sea to sell cosmetics based on cannabis and Dead Sea minerals.

The firm said the products would be based on CBD, or Cannabidiol — a constitute of the cannabis plant that is used in some health products. Together said it believes that the CBD market is worth hundreds of millions of dollars.

“CBD has a variety of properties that are beneficial to various diseases because of it anti-inflammatory, anti-bacterial, anti-oxidant and anti-aging properties, and its market is expected to grow 700 percent by the year 2020,” it said.

Wed
04
Jul

Israeli medical cannabis grower to shift to EU amid red tape

Recently incorporated medical-cannabis grower Together Pharma is moving some of its greenhouses to the EU amid Israeli red tape that is threatening to strangle the budding industry.

Together Pharma announced on Sunday that it signed a memorandum of understanding (MOU) with an unnamed European Union country to set up a 30,000 sq.m. greenhouse.

Be the first to know – The government reportedly told medical marijuana companies that their cannabis exports would be approved by 2018, according to industry employees. That persuaded the companies to embark on multi-million-shekel investments, some of which could now be in jeopardy.

Mon
02
Jul

Israel's cannabis market shrouded in uncertainty

Restrictions on foreign investors and the government's reluctance to approve exports are inhibiting growth in Israel's medical cannabis sector.

The frenetic activity of Israeli investors in both private and stock exchange investments in the growing and marketing of cannabis has diverted attention from the absence of foreign investors in the sector, although foreign investors do not lack interest in it.

Thu
14
Jun

Israel’s infant cannabis industry at risk as government waffles on allowing exports

Businesses say they will set up shop elsewhere if they can’t sell their product in Israel.

Attorney Hagit Weinstock sits in her Tel Aviv office amid piles of documents that have been a source of persistent frustration for her and her clients. “Here is a letter from the president of Uganda saying he wants to enter into a cooperative agreement with us. Here’s a letter from an American company that wants to invest with us,” she said.

The source of her frustration is the feeling that the entire world cannabis industry is knocking on her door with an open wallet and the only reason she can’t answer is that Israel’s government has been unable to make a decision on whether to permit exports of medical marijuana.

Thu
14
Jun

Cannabis may be illegal there. but smoking paraphernalia is big business in India

Cannabis use is illegal in India, but that hasn't stopped a booming business from being built around it. Smoking paraphernalia commands a market estimated at over $66 million, writes Calvin Hughes. 

In 2014, two young entrepreneurs, Kunaal Kapoor and Nikunj Ahuja, started selling playfully decorated roach tips under the name SlimJim. Their company now sells over 50 kinds of cannabis accessories including papers, bongs and even cannabis seeds.

Tue
12
Jun

Israeli cannabis activist chugs entire bottle of CBD oil to prove a point

Things got wild in the Knesset recently. During a committee discussion on changes to Israel’s medical cannabis rules, an impassioned Israeli cannabis activist chugged an entire bottle of cannabis oil, according to the Jerusalem Post.

“I have cannabis medical oil that contains 30% THC,” he said. “You say it’s a dangerous drug, what will happen to me if I consume it?”

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