Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.

Support the Forward

Funded by readers like you DonateSubscribe
Fast Forward

Israel Legalizes Export Of Medical Marijuana

JERUSALEM (JTA) — Israel is going into the medical marijuana export business — if its Cabinet agrees.

The Knesset has passed legislation that would have Israel join the Netherlands and Canada as nations allowing the legal export of medical cannabis.

Among the countries reportedly eager to trade with Israel include Australia, Germany, Austria and Mexico, according to Forbes.

“Israel is perfectly positioned to enter and disrupt the medical cannabis market that is expected to soar to $33 billion worldwide in the next 5 years,” Saul Kaye, CEO of iCAN, an Israeli medical cannabis company, said in a statement. “In Israel alone, we quickly expect over $1 billion in sales to countries interested in our products.”

The Cabinet still must approve the legislation. Exports would not begin for at least six months.

The Knesset rushed to vote Tuesday on the measure a day before the parliament dissolved itself. Only 21 of the 120 members in the body voted, Globes reported.  

The legislation, which regulates export procedures, had the support of several key ministries.

There are eight cannabis growing companies operating in Israel and several others involved in production, marketing and distribution. Dozens of other farmers hold licenses to grow cannabis, but have delayed planting as the export legislation has been considered.

Engage

  • SHARE YOUR FEEDBACK

  • UPCOMING EVENT

    SKY & SCULPTURE

    Hybrid: Online and at the Marlene Meyerson JCC Manhattan

    Oct 2, 2022

    6:30 pm ET · 

    A Sukkah, IMKHA, created by artist Tobi Kahn, for the Marlene Meyerson JCC of Manhattan is an installation consisting of 13 interrelated sculpted painted wooden panels, constituting a single work of art. Join for a panel discussion with Rabbi Joanna Samuels, Chief Executive Director of the Marlene Meyerson JCC of Manhattan, Talya Zax, Innovation Editor of the Forward, and Tobi Kahn, Artist. Moderated by Mattie Kahn.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.