An employee checks cannabis plants at a
medical marijuana plantation in northern Israel March 21, 2017. Picture
taken March 21, 2017.
REUTERS/Nir Elias
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 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).
"In 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."
The strategy is to create medical-grade cannabis with quality and efficacy ensured along the entire supply chain from cultivation to manufacture and distribution...http://www.reuters.com/article/us-israel-cannabis-idUSKBN16U1PZ
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