Israel seeks piece of projected $50 billion medical marijuana market

Over 500 Israeli companies have applied for licenses to grow, manufacture and export cannabis products as U.S. market booms
Haaretz (Israel)
Monday, March 27, 2017

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 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. The government gave the go-ahead in February to legislation that would allow export. (See also: Israel's medical marijuana pioneers look to cash in on $20bn market)