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Israel gives final go-ahead for cannabis exports

Israeli Economy Minister Eli Cohen gives his final approval for the export of medical cannabis.
An employee tends to medical cannabis plants at Pharmocann, an Israeli medical cannabis company in northern Israel January 24, 2019. Picture taken January 24, 2019. REUTERS/Amir Cohen - RC116A4F32D0

Israel will soon begin granting licenses to companies wanting to export cannabis abroad in a move that could generate more than 1 billion shekels ($273 million) in annual revenue. 

Outgoing Economy Minister Eli Cohen issued a final approval for the sale of cannabis goods today in what he called “a significant step for exporters.”

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