International Marijuana Business News – Middle East
Subversive Real Estate Acquisition REIT is combining with Israeli marijuana producer InterCure in a deal that values InterCure at $300 million and is intended to secure a Nasdaq listing for the combined company.
Israel announced a road map to legalize cannabis potentially within one year and, in doing so, would create a regulated market for adult-use marijuana products largely based on Canada’s legalization model.
The number of authorized medical cannabis patients in Israel has more than doubled in the past two years – topping 70,000 – despite persistent supply and regulatory challenges, according to new data from the Israeli Medical Cannabis Agency (IMCA).
