Israel Looks to Leverage Tech in $50 Billion MMJ Market

Israel Looks to Leverage Tech in $50 Billion #MMJ Market

  • Israel, a leader in marijuana research and health technology, is attracting international investment as it tries to position itself as a cutting-edge exporter in the rapidly-growing market for medical-grade cannabis.
  • With estimates that the global market for medical marijuana could reach $50 billion by 2025, the Israeli government is set to allow the local industry to start exporting and projects annual revenues in the hundreds of millions of dollars.
  • Medical cannabis is a relatively new field with no universal clinical standard.

Israel, a leader in marijuana research and health technology, is attracting international investment as it tries to position itself as a cutting-edge exporter in the rapidly-growing market for medical-grade cannabis.

@MJINews: Israel Looks to Leverage Tech in $50 Billion #MMJ Market

Israel, a leader in marijuana research and health technology, is attracting international investment as it tries to position itself as a cutting-edge exporter in the rapidly-growing market for medical-grade cannabis.

With estimates that the global market for medical marijuana could reach $50 billion by 2025, the Israeli government is set to allow the local industry to start exporting and projects annual revenues in the hundreds of millions of dollars.

Medical cannabis is a relatively new field with no universal clinical standard.

The San Diego County Board of Supervisors has voted to prohibit new marijuana operations in unincorporated areas and to set a closing date for existing operations. The 3-2 vote by the Board of Supervisors will allow three existing dispensaries to operate until 2022. Two dispensaries in the process of getting permits can open, but they also must close within five years.

Israel Looks to Leverage Tech in $50 Billion MMJ Market

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