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Cannabis Campaigners' Guide News Database result:
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Israeli Ministers Endorse Knesset Bill for Medical Cannabis Exports Cristopher Hall Argyll Free Press Monday 06 Feb 2017 The United States doesn’t seem to be the only country willing to acknowledge the medical or recreational benefits of using marijuana. Most recently, Ministers in Israel have recently endorsed a bill which, if approved, would allow the export of medical cannabis. On Sunday, Israel’s Ministerial Committee for Legislation has endorsed the Knesset bill which would allow the export of medical cannabis. If approved, the legislation would provide local companies a lot of windfall, as they are widely regarded as research leaders in this field. The Knesset bill was initiated by MK Yoav Kisch, which stated that his proposed legislation would provide the Israeli agriculture industry with a much-needed boost. He also noted that the export of medical cannabis would the push the economy forward and lead to the development and improvement of the agricultural sector. The Knesset bill is the first one in Israel, which defines the entire field of medical cannabis and set the terms for regulating its export practices. If Israel passes the bill, it will join the list of other countries like Canada and Australia, which approved the export of medical cannabis and are enjoying the profits from the booming industry. According to the bill’s initiator, recent research revealed that Israel can stand to gain over a billion NIS from the taxation of medical cannabis. However, before the country reaches that point, the bill would have to go to parliament, and the process could take several months. Since 2012, around 28 states in the US have legalized the use of medical cannabis, with only a few approving it for recreational use. The industry is currently booming and could be worth over $50 billion in the coming decade. The Knesset bill would allow Israel the reap some of the benefits of this industry, as it is already widely regarded as one of the research leaders of medical cannabis. The country’s domestic market is quite limited, as the Health ministry has issued around 23,000 permits for purchasing the drug for medicinal purposes. The medicinal cannabis market in Israel is valued at around $15 to $20 million. What do you think about Israel’s recent initiative regarding the export of medical cannabis? http://www.argyllfreepress.com/2017/02/06/knesset-bill-medical-cannabis/
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