Israeli Cabinet Approves Export Of Medical Marijuana
JERUSALEM (JTA) — Israel’s Cabinet approved the export of medical cannabis.
Some of the countries reportedly eager to trade with Israel include Australia, Germany, Austria and Mexico, according to Forbes.
The approval on Sunday comes a month after the Knesset passed legislation to pave the way for the legal export of medical cannabis. The Netherlands and Canada already export medical cannabis.
A committee made up of the Finance and Health ministries had recommended allowing the export following a process promoted by the Ministry of Health. It which would treat medical cannabis as medical product like any other — including labels, instructions and dosages– that would be sold in pharmacies with prescriptions under the same strict standards as purchasing other medicines.
The process to write and approve the actual procedures will take up to a year to complete, according to reports.
Licenses for medical cannabis companies will be granted by the Health Ministry and will require police approval.
The committee determined that the state could make up to $1 billion per year in tax revenue from the exports.
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 had delayed planting as the export legislation was being considered.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning journalism this Passover.
In this age of misinformation, our work is needed like never before. We report on the news that matters most to American Jews, driven by truth, not ideology.
At a time when newsrooms are closing or cutting back, the Forward has removed its paywall. That means for the first time in our 126-year history, Forward journalism is free to everyone, everywhere. With an ongoing war, rising antisemitism, and a flood of disinformation that may affect the upcoming election, we believe that free and open access to Jewish journalism is imperative.
Readers like you make it all possible. Right now, we’re in the middle of our Passover Pledge Drive and we still need 300 people to step up and make a gift to sustain our trustworthy, independent journalism.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
Only 300 more gifts needed by April 30