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 | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |