Israel preparing to export medical cannabisDecember 27, 2018 - 12:21 AMT PanARMENIAN.Net - Israel is going into the medical marijuana export business — if its Cabinet agrees, JTA reports. 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, December 25 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. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. |