The export of medical cannabis has been approved by an interministerial committee of the Finance and Health Ministries, it was announced on Sunday. The state will earn from this an estimated NIS 1 billion to NIS 4 billion a year. Any entity that meets the requirements may obtain a license to grow, manufacture, store or distribute cannabis.
The overall global price for cannabis in the world is about $10 per gram. The price of medical cannabis is growing significantly. In 2000, global production stood at 1.3 tons and in 2014 production rose to 57.3 tons.
Finance Minister Moshe Kahlon said: “The export of medical cannabis is an industry with significant economic potential for the State of Israel and will strengthen Israeli agriculture in general and agriculture in the Arava region in particular. It will serve as an opportunity for the country to exploit its relative advantage in developing medical products from medical cannabis.”
Health Minister Ya’acov Litzman, who already said last week that he opposes the move but if it’s decided upon, he would demand some of the profits go to the health system, added: “The attitude towards cannabis should be like that to any drug.
Remember that the law prohibits the use and trade of cannabis except of medical cannabis for treating serious diseases in special cases and under special restrictions.”
He continued that “due to the international interest in Israeli medical cannabis because of its professional quality and the economic potential, we have agreed with the Finance Ministry to approve the export of medical cannabis under certain restrictions and to countries where there is legal approval. We will…