Israel

Tue
25
Feb

Israel to expunge 40,000 cannabis convictions, implement Canadian-style legalization

Israel wants to be a little more like Canada.

Prime Minister Binyamin Netanyahu tweeted on Sunday that he will be expunging the criminal records of vast amounts of Israelis who had been caught with cannabis and modelling its budding industry after Canada’s, according to The Jerusalem Post.

“I examined the matter and decided to advance the erasure of criminal records of tens of thousands of Israelis for personal use and possession (of cannabis), something that causes unnecessary suffering to many and is a burden on the courts,” he wrote on the social media site.

Wed
02
Oct

The scientist who identified THC is now working on synthetic cannabinoids

In the 55 years since he first isolated D9-tetrahydrocannabinol (better known today as THC) with colleagues Dr. Yehiel Gaoni and Dr. Haviv Edery at Israel’s Weizmann Institute of Science, Dr. Raphael Mechoulam has been the absolute leader in the science of cannabis. He basically started that science from scratch with 5 kilos of Lebanese hash the police donated to his research after Mechoulam’s boss put in the request.

Even all these years later, when Mechoulam talks pot, the cannabis world stops with its ears wide open. This latest announcement from the legendary scientist was no different.

Fri
08
Mar

How startup nation could make medical marijuana 'The next Coca Cola'

Last month, on the day the cabinet approved the exporting of medicinal cannabis, attorney Yair Geva got the green light for signing a deal with a foreign company, about to be listed on NASDAQ, which intends to invest in an Israeli company, the valuation of which instantly spiked.

Mon
04
Feb

Veteran Israeli medical marijuana firms weigh going public

Now that the Israeli government has approved cannabis exports, the Tel Aviv Stock Exchange may be getting a new crop of medical-marijuana companies seeking a listing. In contrast to most of the speculative companies already trading on the exchange, the newcomers have a real industry track record.

Mon
28
Jan

Israeli Cabinet approves medical marijuana exports

Israel has given final approval to a law permitting the export of medical marijuana, a move the government expects will catapult investment in local industry and agriculture.

The Cabinet’s decision Sunday came a month after the Israeli parliament unanimously approved the decision, making Israel the third country in the world, after the Netherlands and Canada, to allow export of medical cannabis products.

Israel is home to dozens of companies active in the medical marijuana industry, and approved companies will be able to export to countries where it is legal.

Mon
18
Jun

Namaste closes acquisition of 10% share equity of Israeli-based cannabis producer Cannbit Ltd

Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that further to its January 18 th, 2018 letter of intent ("LOI"), that the Company has signed a subscription agreement (the "Agreement") to acquire 10% of the issued share capital of Israeli licensed producer of medical cannabis, Cannbit Ltd ("Cannbit") for NIS 2,500,000 or approximately CAD $908,000, which includes a combination of both cash and shares.

Thu
14
Jun

Israel's Together signs $300 mln Canadian cannabis deal

Israel’s Together said on Thursday it signed a binding two-year deal worth at least $300 million to supply cannabis products to an unnamed Canadian company.

The Canadian firm will buy from Together subsidiary Globus Pharma 5 to 50 tonnes of dried cannabis inflorescences in 2019, which is equivalent to 500 kilograms to 5 tonnes of medical cannabis oil.

In 2020, the company, which has a licence to grow, manufacture and import medical cannabis in Canada, will buy another 20 to 50 tonnes of dried flowers, or up to 5 tonnes of cannabis oil.

It will pay at least $3 for 1 gram of dried inflorescences, or a minimum of $30,000 for 1 kg of cannabis oil, Together said.

Canada approved medical pot in 2001 and will legalize recreational use by July.

Wed
06
Jun

Syqe Medical develops device for measuring cannabis dose

CEO Perry Davidson:  We're a hardware company, a medical devices company, for administering medical cannabis.

The capital market has been swooning recently over listed cannabis companies, especially over the as yet unfulfilled promise of marketing the product overseas. Meanwhile, while approval for exporting cannabis is being delayed, quite a few less prominent private companies are starting to fulfill their promises in the Israeli market.

Fri
11
May

The Canadian Securities Exchange, OTC Markets Group court Israeli cannabis, blockchain startups

66 out of 371 companies currently listed on the Canadian Securities Exchange have cannabis-related businesses.

The Canadian Securities Exchange (CSE), an alternative stock exchange in Canada, has partnered with New York-headquartered the OTC (over-the-counter) Markets Group to offer early-stage companies a new initial public offering program in North America, and they are setting their cap at Israeli startups.

Tue
24
Apr

A Canadian company just bought 5 tonnes of cannabis oil from Israel

According to Reuters, a deal worth up to US$235 million was recently made between Globus Pharma and an unnamed Canadian company.

Together, an Israeli pharmaceutical company just solidified plans to sell 5 tonnes of cannabis oil to an unknown Canadian company. The deal is potentially worth hundreds of millions of shekels. A Together subsidiary, Globus Pharma will be in charge of the business dealings. The Canadian company involved remains under-wraps. The arrangement will have the Canadian company purchasing 5 tonnes of cannabis oil (or 50 tonnes of dried inflorescences) per year from Globus and includes a research and development partnership to advance medical cannabis technologies.

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