Insta
When Dope Gives Hope: Israel Legalises Medical Use Of Marijuana; Empowers Police To Supervise Licensing Process
Swarajya Staff
Dec 27, 2018, 11:27 AM | Updated 11:27 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Israel has joined a growing number of countries like Canada and Thailand to legalise the medical use of the cannabis plant, reports The New Indian Express.
The country’s parliament unanimously approved a law which permits the exports of medical marijuana, which in turn opens the door for Israel to tap into the lucrative global market. Israel will become the third country behind Canada and Netherlands to take its medical marijuana global.
iCAN, Israel’s medical cannabis company, predicts that the global demand will reach $ 33 billion in the next five years, as the stigma fades and the demand grows for the few certified countries to export.
The shares of the cannabis company rose by about 10 per cent after the law was approved late Tuesday ( December 25). Officials did not pass the law for years over the fear that medical marijuana would leak into the black market. The law puts to rest these concerns by empowering the police to supervise licensing. The Israeli cabinet is yet to give final approval in a step which is seen as a formality.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.