Foreign companies are allowed to grow cannabis in Israel!

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Growing Cannabis in Israel

Legal cannabis sales across the world totaled $150 billion 2016, and sales in the United States alone are expected to reach $21.8 billion by 2020. Israel is at the center of this huge growth because of its well-developed ecosystem of cannabis researchers, farmers, entrepreneurs, pharma and government policies. Since the government’s mid-2016 reforms to open up licensing for as many marijuana growers as the market will support, over 200 individuals and groups have applied to join Israel’s current eight cannabis farms.

And now Israeli medical cannabis company Globus Pharma has signed a binding cooperation agreement with Together (TASE: TGTR), which specializes in growing and producing medical cannabis in Israel and exporting its products to international markets. As part of the agreement, Globus Pharma will build and operate a complex of greenhouses for growing, marketing and exporting up to about 60 tons annually of medical cannabis and its products in an area of up to 25 acres in a foreign country.

Read more on: https://www.calcalistech.com/ctech/articles/0,7340,L-3734340,00.html

 

NEWS AND BUSINESS OPPORTUNITIES IN ISRAEL

  • Foreign companies are allowed to grow cannabis in Israel!

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