Israel all set to export medical marijuana in valuable new business

Nearly a year after the government supported the proposal, Israel will finally export its medical cannabis after having received final approval.

The country is expected to see 1 billion shekels ($273 million) in annual medical marijuana revenue as Israel is one of the world’s top producers.

The government approved exports in January of this year, but due to the months-long political gridlock in Israel, the process stretched out for longer than expected.

Previous efforts to cash-in on Israel’s booming pot industry overseas were reportedly hindered last year by Prime Minister Benjamin Netanyahu’s close relationship with US President Donald Trump.


How cannabis could be a first step in treating liver cancer

Researchers at the Hebrew University of Jerusalem have developed a method to deliver chemotherapy drugs used to treat liver cancer directly to malignant cells, bypassing healthy ones.

The method involves a combination of cannabidiol, one of the active cannabinoids identified within the cannabis plant, and a low dose of doxorubicin, a chemotherapeutic agent.


With Israel as partner, Africa can turn cannabis into an economic game changer

Africa is asserting itself as a high-potential emerging region for large-scale cannabis grow operations. With South Africa leading the continent’s entry into the market along with the Kingdom of Lesotho and Zimbabwe, savvy investors are jockeying for position. But the future health of the African cannabis industry faces several challenges: maintaining consistent, sustainable product quality, overcoming regulatory uncertainty and promoting social justice are long-term considerations that should inform current decisions.


Israel is making all of the right moves to become a global cannabis hub

Read entire article here.

During the last few months, we have been highly focused on the Israeli medical cannabis opportunity and this is a market that we have been excited about. The country has been slow to issue cannabis businesses licenses and we are favorable on the companies that have a first-mover advantage on this market.


Israel: Government throws its weight behind medical cannabis sector

With the issuance of a wide-ranging ministry report on the medical cannabis industry, Israel is for the first time making clear its intention to back the burgeoning sector, according to a ministry official.

The white paper on Israel’s Medical Cannabis Innovation, published earlier this month, maps out the industry’s ecosystem — the key players, leading startups, breakthrough research at academic institutions, government regulations, and opportunities that await investors should they decide to take the plunge.


Israel: Investment in security for medical cannabis is on the rise

Globally, a preference for medical cannabis on the market has increased over the last few years, even in places where generalized use and sale of cannabis has been legalized. This trend has continued as the more and more consumers recognize the merits of medical cannabis increases, especially when compared to unregulated crops.

However, adhering to regulations all the way down the line – from the grower to the consumer – also requires increased investment in security measures.


Israel’s medical cannabis reform continues to benefit nearly no one

Israel’s medical cannabis patients are making another step in their battle against the country’s new regulation, which came into full effect in early September. Intended to help standardize the industry by requiring more stringent quality control and adding pharmacies as middlemen between growers and patients, the reform has so far resulted in market shortages and hiked prices. Now patients are demanding that pharmacies hand all their unstandardized supply back to the growers.


The scientist who identified THC is now working on synthetic cannabinoids

In the 55 years since he first isolated D9-tetrahydrocannabinol (better known today as THC) with colleagues Dr. Yehiel Gaoni and Dr. Haviv Edery at Israel’s Weizmann Institute of Science, Dr. Raphael Mechoulam has been the absolute leader in the science of cannabis. He basically started that science from scratch with 5 kilos of Lebanese hash the police donated to his research after Mechoulam’s boss put in the request.

Even all these years later, when Mechoulam talks pot, the cannabis world stops with its ears wide open. This latest announcement from the legendary scientist was no different.


‘The Father of Cannabis Research’ recognized with Lifetime Achievement Award and $10,000 grant

Raphael Mechoulam has spent a lifetime studying cannabis—now he’ll receive the highest of honours for his work.

The Arcview Group will celebrate the cannabis king with a Lifetime Achievement Award and a $10,000 research grant in its first annual cannabis awards presentation at the Arcview Investor Forum on Oct. 3.

“Raphael Mechoulam’s contribution to our understanding and ability to use the cannabis plant for positive benefits is immeasurable,” read a release from Arcview.


First cannabis-friendly cafe opens in Israel

Israel's first "coffeeshop" that allows medical marijuana users to smoke inside opened last week in the southern city of Beersheba, Mako reported on Thursday.
The shop opened in Beersheba on Thursday, making Israel the first Middle Eastern state with a specialized cannabis-consumption establishment.​


Subscribe to RSS - Israel