Medical marijuana takes off in Israel
"Even though Israel enforces a strict ban on recreational use of marijuana, Israeli doctors have prescribed it to more than 25,000 Israelis to alleviate their symptoms"
"Forbidden to export its cannabis plants, Israel is concentrating instead on marketing its agronomic, medical and technological expertise in the hope of becoming a world hub in the field. The prestigious Hebrew University of Jerusalem has just opened a cannabis research centre joining 19 other teams from local academic institutions.
"About 200 industry players gathered in Tel Aviv this month for Canna Tech, an international conference on the industry. Suited salespeople, some a little red-eyed despite a ban on consumption laid down by the organisers, exhibited products including electronic cannabis cigarettes, cannabis-based creams and ointments and a remedy for dry mouth.
"Some startups are focused on the plant's by-products, others on user accessories, but a few have bigger ideas. "Look at what has happened in the past two years, the speed at which legalisation of cannabis is advancing," said Saul Kaye, head of the first Israeli incubator for cannabis industry startups.
"We're not going to miss this opportunity, and seeing what the first investors are putting on the table, we feel that it is going to be very big." In January, US tobacco giant Philip Morris ploughed $20 million into Israeli company Syke, which produces precision inhalers for medical cannabis."