The Israeli cannabis company Panaxia released its earnings for 2021 Tuesday.
Panaxia, which is based in the mixed Arab-Jewish city of Lod, said its net Israeli revenues increased 38% to $83.6 million, according to a press release.
Cannabis sales grow in Israel
The Lod-based company Panaxia reported increased revenues from the Israeli market for its sales of medical cannabis in 2021.
Access the Middle East news and analysis you can trust
Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.
