CannabisNews420.com – Cannabis/Marijuana Industry News

israel cannabis

Israel is among the world’s leaders in the medical and non-medical cannabis research and development (R&D). Israeli scientists made breakthrough discoveries in the mid-twentieth century, paving the way for the country being one of the early adopters of a medical cannabis program. Now, Israel is gearing up to legalize recreational cannabis and export cannabis across the globe and become one of the leading nations in the global cannabis trade. In this post, I briefly examine the history of cannabis in Israel and what the future may hold for the country.

While cannabis has been used for thousands of years in ancient sites in Israel, the country’s developments in the last few decades have been extremely significant. In the 1960s, Israeli chemist Raphael Mechoulam began making breakthroughs in researching cannabis, becoming the first researcher to isolate the THC compound. Fast forwarding a few decades, in the 1990s, the Israeli government began researching and studying potential reforms for cannabis in Israel.

Cannabis in Israel has long been regulated under the Dangerous Drugs Ordinance as a dangerous drug (sort of like cannabis in the US and the Controlled Substances Act). Nevertheless, the first medical cannabis authorizations were allowed in Israel in the 1990s, making Israel one of the first nations to legalize any form of cannabis for medical use. In 2013, the Israeli Medical Cannabis Agency, an agency housed within the Israeli Ministry of Health, was established to further regulate medical cannabis. More recently, the Israeli government decriminalized possession of certain amounts of cannabis for recreational purposes, but full-scale legalization of recreational cannabis has not yet occurred.

While Israel has by far been one of the leading nations with respect to medical cannabis and cannabis R&D, two recent developments will position Israel to be a leader in the global cannabis trade.

First, Israel is gearing up to be a leading exporter of medical cannabis. Back in 2017, we wrote about how Israel began the process of exporting medical marijuana. The process has been long and arduous, but earlier this year, the export process for medical cannabis was approved and Israel is therefore one of the few countries that’s authorized the export of medical cannabis (for reference, the United States has not). There are many countries globally that authorize importation of cannabis (in fact, Israel just surpassed Germany as the world’s largest importer of medical cannabis), and Israeli cannabis will likely do very well globally.

Second, the country is shifting towards a full-scale recreational market. In late June 2020, the Israeli Knesset (its parliament) voted to advance two bills that would legalize cannabis for recreational purposes. This vote was just a preliminary vote and there are still some hurdles to clear before this becomes a reality, but it’s a major step in the right direction for legalizing cannabis for recreational purposes.

The next few years are likely to see further significant progress in Israel’s cannabis market, both globally and domestically. Stay tuned to the Canna Law Blog for more updates.

In the meantime, for more on international cannabis, check out the following:

  • The International Cannabis Trade: Webinar Video Replay
  • USMCA and Cannabis Trade
  • How to Export Medical Cannabis Internationally
  • International Cannabis: Selling Worldwide
  • U.S. Cannabis and International Trade: Never the Twain Shall Meet?
  • International Cannabis: Breaking the Law, Staying Honest
  • Should You Import Hemp to the United States?
  • International Cannabis: Guidance for Companies Entering the U.S. Market
  • International Cannabis Continues to Look to the U.S. Market
  • As China’s Hemp Industry Suffers, U.S. Hemp Growers Prepare to Pounce
  • What to Consider Before Entering the European CBD Market
  • Border Woes: Transporting CBD into Canada is Not OK
  • Cannabis and International Trade: Don’t Ignore the U.S.–China Trade War
  • Cannabis, Tariffs and Vaping Imports from China
  • Cannabis Legalization Roundup: Mexico, Luxembourg, Switzerland
  • The World Trade Organization and Cannabis
  • Global Law and Business Podcast: The Uruguay Cannabis Industry

The post Israel: Cannabis Powerhouse appeared first on Harris Bricken.



Original Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here