The next major marijuana exporter will be in the Middle East
The Israeli industry was estimated to be worth about $11 billion four years ago and had grown since then
Thursday, January 31, 2019
The Israeli cabinet approved legislation that will transform the Middle Eastern country into an exporter of marijuana for medical use. “I am glad this is finally happening. It opens a very big market in Israel. The technology is here in Israel and until now we simply had to give the technology to other countries,” Justice Minister Ayelet Shaked said, Reuters reported. “Therefore, I am glad we can reap the profits here in Israel.” Elsewhere in the Middle East, Israel’s neighbor Lebanon has voiced plans to legalize medical cannabis for cultivation and export as well. Last July, Lebanese House Speaker Nabih Berri told the U.S. ambassador to his country, Elizabeth Richard, that his country planned to move forward with the legalization, CNN reported.
