Israel

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.

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?”

Thu
03
May

Is Israeli cannabis a bubble waiting to burst?

Despite Israel's pioneering role in medical marijuana, its cannabis market now faces uncertainty as canna-business stocks and pot exports encounter government scrutiny.

Though cannabis might be all the buzz these days — especially in Israel, where the government has allowed research on medical marijuana since the 1960s — Israeli authorities are exercising a great deal of caution when it comes to including cannabis businesses on the national stock exchange.

Mon
23
Apr

Israel's Super-Pharm chain begins selling medical cannabis

Medical cannabis supplier BOL's products at Super-Pharm will be priced at NIS 120-140 per 10 grams.

Israeli pharmacy chain Super-Pharm today began selling medical cannabis at 25 branches. BOL Pharma will be Super-Pharm's main supplier and the pharmacy chain plans to expand its medical cannabis sales to 50 branches..

Up until now, medical cannabis was available only at the Abarbanel Mental Health Center and special stores belonging to the Tikun Olam supplier in Tel Aviv.

Fri
20
Apr

The 6 most advanced countries for marijuana research

The most advanced countries for marijuana research are using science to defeat the stigma while getting people the medicine they need.

It is commonly known that the U.S. is not apart of the most advanced countries for marijuana research. Due to its legal status, receiving funding for cannabis research has been proven quite difficult in the U.S. The government still holds restrictive policies and regulations on research that will look into the benefits and risks of cannabis, which is available to consumers in numerous states.

Wed
18
Apr

Medical marijuana will arrive in Israeli pharmacies in time for 4/20

Select Israeli pharmacies will begin selling medical marijuana... on April 20, of course.

Instead of teenagers smoking after school at 4:20 p.m. or activists waiting until April 20 (4/20 by American date notation), nearly two dozen Israeli pharmacies will start selling medical marijuana on that date this Friday – known worldwide as a day on which advocates for legalization light up in public. As part of a pilot program, 21 Super-Pharm outlets plan to sell medical cannabis oil in cities throughout the country, with the exception of Tel Aviv and Eilat.

Two other private pharmacies plan to participate but are not expected to start selling this week, while the four Israeli health fund pharmacies are not interested in providing medical marijuana – for now.

Mon
16
Apr

Israel's Together gets Canadian deal for five tonnes of cannabis oil

Israel’s Together has agreed to sell 5 tonnes of cannabis oil to an unnamed Canadian company that will potentially bring revenue of hundreds of millions of shekels.

The Canadian company will buy from Together subsidiary Globus Pharma 50 tonnes of dried inflorescences of cannabis each year, which is equivalent to five tonnes of medical cannabis oil.

The two companies will also collaborate in the field of research and development and promoting technologies in the medical cannabis sector. They have estimated sales will amount to $3.17 to $4.7 per gram of inflorescence.

Thu
12
Apr

This country could be close to exporting medical marijuana

Israel’s cabinet is set to legalize exports of medical marijuana on Sunday after Public Security Minister Gilad Erdan’s reservations about criminal use were assuaged by a promise for 25 more police officers to monitor growers.

“I support the use of marijuana for medical purposes and exporting it to the world in light of our [Israel’s] advanced knowledge in the field,” Erdan said in a statement on Wednesday. “But as public security minster I am obligated to make certain that exports from farms aren’t diverted to illicit use by Israeli citizens, especially the young.”

Under the proposed law, 50 growers will be given licenses to export marijuana solely for medical purposes and as a finished product, not in the form of seeds, stems or plants, sources said.

Tue
03
Apr

Israel’s global cannabis dominance will help the U.S.

Researchers here in the U.S. are eager to run trials with high quality Israeli cannabis strains they cannot get anywhere else.

The strongest, most influential medical cannabis economy in the world is not where most would think.

Cue Israel, which is an agricultural superpower already and has a great green thumb for cannabis cultivation.

Why? Mainly because Israel is leading the globe when it comes to legitimate cannabis research on medical applications for serious illnesses.

Tue
03
Apr

TASE investors get high on Israel's cannabis stocks

It is unclear whether medical cannabis exports will be permitted, but share prices of companies in the industry are soaring.

The medical cannabis market in Israel is undergoing a period of uncertainty. The big question now is whether exports of cannabis products from Israel will be allowed, and if so, when.

Despite the uncertainty in the sector, shares in cannabis companies have overtaken cryptocurrencies as the latest hot market shakers on the TASE.

Cannabis share prices soared by triple-digit percentages over the past week, and trading in them is currently very volatile. Is this a bubble? This will become known only at a later stage, but there is no doubt that the cannabis market is behaving like an investment fashion.

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