If you were to somehow survey the origins of the marijuana consumed in the United States right now, the most plentiful sources would probably states like California, Colorado and others where the drug is legal. But it turns out in 2018, a new place could become a major source for cannabis in America: Israel.
Bloomberg recently reported about Israel's desire to become a major marijuana player in the coming years. The government is on track to pass regulations that will allow cannabis companies in the country to begin exporting their products around the world. In fact, some marijuana companies are already sending applications to the Food and Drug Administration in the U.S. to get their products approved.
Marijuana is still illegal in Israel, but the country's fully invested into medical marijuana research. According to reports, there are more than 100 clinical trials underway in Israel investigating possible uses of medicinal cannabis.
“The world’s best cannabis scientists and researchers are all out of Israel. No other country comes close,” American businessman Garyn Angel told media outlets.
The government also recently announced plans to allow farmers to grow their own marijuana, which should go into action within the next two years.
It's not a surprise Israel is jumping on the cannabis train. The market for marijuana is expected to exceed $30 billion by 2024. That's a lucrative business for the country to get involved with. Throw in an excellent relationship with the United States, the world's largest consumer of marijuana, and it's a moneymaker waiting to begin.
Now the only question is whether or not it will be kosher.