Israel approved the export of medical cannabis on Wednesday in what could lead to an industry boom worth many millions of dollars.
“This is a significant step for exporters and the Israeli industry, which will enable both expansion of export opportunities as well as rising employment … in the field,” said Economy Minister Eli Cohen, according to a Reuters report.
The nod from Cohen came more than a year after the cabinet had supported a new law to allow the export of medical cannabis.
The decision will go into effect in 30 days, with porters will having to apply for a license from the Health Ministry.
The economy ministry stated that 60,000 Israelis use medical cannabis.