Israel

Tue
17
Sep

Top Israeli marijuana Firm to be bought out as owner faces legal battle

Medical marijuana company Cannabit is slated to buy out competitor Tikun Olam, after the two firms signed principles of agreement, which were revealed on Monday. Cannabit saw its valuation jump 13%, to 271 million shekels ($76.4 million), on the news.

Tikun Olam, in comparison, is one of Israel’s biggest, most respected medical marijuana companies, with some 15,000 customers and a well-regarded product. Patients view Tikun Olam’s cannabis strains as particularly high quality, according to interviews.

Wed
28
Aug

Israel to triple medical cannabis production

The Israeli government has reportedly issued seven new medical cannabis cultivation licences in a move that will triple the country’s annual production capacity.

Brlev Agricultural Crops, Elpis Flora, Medical Cannabis Growing, Natali Buskila, Rami Sela, S. Sydan and Shavit Agro are the seven firms given the green light to commence cultivation. They will be able to supply pharmacies across the country by the end of 2019, according to local reports.

The Israeli medicinal cannabis industry will be overhauled on Sunday, when new regulations come into effect. The idea is to stop marijuana produces selling direct to patients, requiring them to supply pharmacies that serve as middlemen instead.

Wed
21
Aug

$2 Million going to cannabis cancer research in Israel

A cannabis-based treatment for cancer may finally be on the horizon, thanks to the research of none-other-than Professor Raphael Mechoulam.

Mechoulam is leading a research team to work on developing cannabis-based treatments for three aggressive forms of cancer: melanoma (skin cancer), neuroblastoma (cancer originating in the surrounding and mostly neural system in children), and glaublastoma (brain cancer).

Mon
19
Aug

Israeli cannabis Outfit Cannbit launches cancer study

Tel-Aviv listed cannabis producer Cannbit is launching a study to test a cannabis-based treatment for three aggressive types of cancer, Cannbit announced in a filing to the exchange Thursday. The study will be led by cannabis research pioneer Raphael Mechoulam of the Hebrew University of Jerusalem, who chairs Cannbit’s scientific advisory committee. Hadassah University Hospital-Ein Kerem and Sheba Medical Center will collaborate on the study.

Fri
09
Aug

Israel: Medical cannabis

‘I live in constant fear,” says Maya Segev, a mother of three from Ramat Hasharon whose eldest daughter Nika, 14, suffers from Rett Syndrome.

“It takes a while for Nika to get used to new meds. It’s a bit of trial-and-error process trying to figure out which one will work best, and this isn’t great for her health or the mental stability of the rest of the family. She’s been using cannabis oil for two years now, which has been extremely helpful. I would love if we could continue purchasing it where we used to get it. With the new reforms, my daughter will have to go back to living the dangerous life she used to. I’m so worried.”

Thu
08
Aug

Israel’s ‘Tikun Olam’ founder forced to give up shares In medical cannabis scandal

While Israel’s medical cannabis program is a robust one, regulations and too much red tape are hindering the supply chain. Israel’s most prominent medical cannabis grower is now being sanctioned by the government and needs to give up shares in the company.

Mon
29
Jul

Israeli researchers bet on cannabis for pets

There’s no question that cannabidiol, CBD, a non-psychoactive chemical produced by the cannabis plant, has shown an ability to help alleviate health issues — everything from inflammation, anxiety, skin conditions, arthritis and joint pain.

So, how about its effect on animals?

Itay Ben-Mordechai, head of innovation at Weedley, a leader in the development and distribution of cannabidiol-based natural products (CBD) for pets, and his Tel Aviv-based team are gambling on a big “yes.”

“We’ve seen how well animals respond to CBD oil drops and treats,” Ben-Mordechai told NoCamels.com, noting that so far only research subjects and investors have tried Weedley’s CBD-infused transdermal creams and oils.

Fri
26
Jul

Blue, white, and green? How Israel is leading the global cannabis revolution

The global state of legal cannabis has shifted rapidly over the past few years. After decades of strict prohibition, the potential medicinal benefit of this reviled and revered plant is finally coming to light.

In news outlets across the world, headlines feature the next big canna-business buy out, the most recent superstar to join the cannabis space, and the life-changing clinical research proving the plant’s healing potential.

Often, these headlines also refer to Israel, an established world leader in cannabis research, technology, and innovation.

Thu
25
Jul

Why Israel's biggest medical marijuana firm doesn't have a license to operate in the Country

It’s Israel’s biggest and oldest medical marijuana company, but until this week, when a court issued an interim order allowing it to resume sales of cannabis flowers, it had been effectively banned from the market.

As of Tuesday morning, Tikkun Olam had resumed sales at its retail shops in Tel Aviv and the Galilee town of Safed as well as by mail order. But Israel’s police and the Health Ministry still refuse to give the company’s Kfar Yehoshua farm an operating license, and the two sides are continuing to fight it out in court.

Tue
23
Jul

Israeli medical cannabis exports delayed by internal politics

When the Israeli government approved an innovative new program to export medical cannabis from the Jewish State to the thriving international market, a lot of people were excited about the potential revenue prospects.

Unfortunately, internal squabbles between ministries in Israel has delayed the medical cannabis export initiative, to the chagrin of many. The disagreement is between the Israeli ministries of health and finance regarding who will control the pricing of the medical cannabis exports.

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