Israel recently declared a road map to permit cannabis possibly within one year and, in doing so, would generate a structured market for adult-use CBD products chiefly based on Canada’s legalization model.
Avi Nissenkorn, the justice minister of Israel, mentioned a legal memo is expected to be published by the end of this month, which could be presented to the Knesset in December for a preliminary vote, as per a report published by Israeli Cannabis Magazine.
Nissenkorn mentioned that the law would be enforced within 9 months after it gets agreement in the Israeli parliament.
It is to be noted that the proposal comes just 1 week after New Zealand hardly vetoed a move to launch a billion-dollar market for regulated adult-use cannabis. Moreover, Germany also turned down a suggestion lately.
According to the Times of Israel newspaper, Nissenkorn mentionedd
“It’s time to make progress and legalize cannabis in Israel. This is a significant, holistic and responsible reform, which shows the State of Israel isn’t ignoring reality and is going in the footsteps of developed countries.”
Israel’s proposed model is anticipated to bear a resemblance to Canada’s, as initially reported by Israeli Cannabis Magazine, beginning with a strong attention on public health while giving rise to an extensive prospects for legal dealings. The final report of the committee is available here (in Hebrew).
The Future is Now Media Group have launched a YouTube show called The Future is Now Digest, hosted by Miguel Francis-Santiago. Together […]
April 30, 2020
PRESS RELEASE — 10,000 participants are expected to join CHAIN2020 in Hong Kong on January 15, which aims to become one of […]
December 27, 2019
Policymakers in Kentucky are looking to levy tax breaks for local virtual asset miners. On Tuesday, Kentucky officials permitted more than a […]
March 5, 2021
The well-known investor picks out Netflix among key corporations as the most expected to put BTC on its balance sheet. Billionaire Tim […]
March 5, 2021