Final approval of "cannabis law" in Israel



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MPs voted late Tuesday for the bill, which still awaits the approval of the Cabinet and Prime Minister Benjamin Netanyahu.

AndIsraeli companies It is one of the world's leading medical cannabis manufacturers, benefiting from a mild weather and its expertise in medical and agricultural technologies.

Ministry of Finance and Health estimates exports could rise Income tax About one billion shekels ($ 265 million) a year.

And impose law Project Strict rules on exporters, threats of imprisonment and heavy fines for those who violate them.

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MPs voted late Tuesday for the bill, which is still awaiting the approval of ministers and Prime Minister Benjamin Netanyahu.

Israeli companies are among the leading medical cannabis manufacturers in the world, benefiting from the appropriate climate and experience of medical and agricultural technologies.

The Ministry of Finance and Health estimates that exports could increase tax revenues by about 1 billion shekels ($ 265 million) annually.

The bill imposes strict rules on exporters and threatens to impose heavy penalties and fines on those who break them.

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