Israel’s Flower Power: Startup Nation is leading the Cannabis Tech Revolution
As the rest of the world catches on to the positive impact of medical marijuana, Israel is ready to hit ‘go’ on CannabisTech – and impact lives around the world. Israel recently joined the ranks of a very small global club. It is now only the third country in the world to legally export medical-grade cannabis, joining Canada and the Netherlands. Finalized in January 2019, the new law unlocks a potential billion-dollar industry for Israel annually, not to mention a global market valued to reach $56 billion by 2025, according to a market forecast from Grand View Research. Download OurCrowd’s 2019 Cannabis Industry Report Historically the research of cannabis in the United States, and globally, has been limited due to its categorization as a Schedule 1 narcotic (alongside the likes of heroin and ecstasy). The Ministry of Health in Israel, on the other hand, has been researching cannabis since the 1960’s and monitoring medical cannabis since 2001, making it one of the first countries to do so. As a result, it has played a starring role in the rise...
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