8 Israeli Tech Trends, 8 Crazy Nights 2014: Medical Marijuana Tech (4/8)

As Israel observes Hanukkah – a celebration of the light among the darkness – it’s time to highlight the tech trends creating sparks within the Startup Nation. Note, these trends are based on our deal flow – what our team sees on the ground. Trend 4/8: Medical Marijuana Tech How a trend is born:  Medical & recreational marijuana is lighting up the market – by some estimates, total sales of ‘Mary Jane’ may reach as high as $100 billion in the US alone in the next few years. The legal cannabis industry is poised to grow faster than smartphones according to the Huffington Post. And tokers can exhale a sigh of relief knowing that this rapid growth is due largely to new groundbreaking laws enacted in recent years that enable the production and sale of marijuana. Who’s who:  Israel can be thought of as the perfect breeding ground for medical marijuana companies, as it’s the place many people call the medical marijuana research capital of the world. The three main business categories within the cannabis industry are growers, grow services, and technology companies. Studies...

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