An employee checks cannabis plants at a
medical marijuana plantation in northern Israel March 21, 2017. Picture
taken March 21, 2017.
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.
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.
cannabis is a relatively new field with no universal clinical standard.
Israel aims to fill the void by combining its expertise in agriculture,
technology and cannabis-based medicine, said Yuval Landschaft, head of
the health ministry's medical cannabis unit (IMCA).
the United States, for example, they use recreational marijuana for
medical use - that's like making chicken soup when you have a cold,"
Landschaft told Reuters. "We're the ones making the antibiotics."