Exporting medical marijuana in Israel's horizon as government bodies give support

The Israeli Ministry of Finance estimates that the export of medical marijuana from Israel could be worth billions of shekels a year. Israeli Health Minister Yaakov Litzman is currently debating whether to allow this exportation, though on one condition: all profitable income must go solely to the Health Ministry.
Cannabis to become Israel's future cash crop? Photo Credit: Reuters/Channel 2 News

Israeli Health Minister Yaakov Litzman announced today at the CI Summit that he supports the export of Israeli grown and produced medical marijuana. However, he clarified that the export will only be allowed if the profits go directly to the Health Ministry.

"I support the export of medical cannabis on the condition that the profits from the marijuana will go to the Health Ministry," said Litzman. "This will most likely be approved." The surprising support from Litzman comes after the Ministry of Finance conducted calculations and estimates over the past months in an attempt to allow the government to move forward with making a decision regarding the matter.

Recently, strong support for this export has been voiced among manufacturers and farmers from all over the country. The Finance Ministry explains that the estimated potential for medical marijuana exports from Israel is in the billions of shekels per year, an astounding number considering all of Israel's yearly agricultural exports in total amount to 5 billion shekels.

In addition, this would hold positive effects for farmers in the periphery especially in the areas surrounding the Gaza Strip. Australia, Germany, the Czech Republic and Slovakia are already interested in importing Israeli medical marijuana, which is considered one of the best in the world. Israeli cannabis is an agricultural brand name that’s high in demand like oranges, cherry tomatoes and drip irrigation.

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