Israel has approved the export of medical marijuana, and some 500 growers have applied for licenses to ship MMJ to other countries.
In approving MMJ exports, a committee of representatives from the finance and health ministries estimated that Israel’s economic potential from medical cannabis exports could reach 1 billion shekels to 4 billion shekels a year ($279 million-$1.1 billion), The Jerusalem Post reported.
The Post reported that the committee recommended the following restrictions for Israel’s export program:
- It will be carried out by the Health Ministry and be heavily monitored.
- Products may be shipped only to countries that permit medical marijuana.
- Only licensed cultivators may participate.
Israel is considered an international trailblazer in medical marijuana research, even though the country has only an estimated 23,000 registered patients.