Israel to temporarily allow cannabis exports, slash price of medical cannabis products by 50 per centPosted by On

Israel Health Minister Yuli Edelstein and Deputy Health Minister Yoav Kisch have announced a new subsidy program that will reduce the cost of medical cannabis products until the end of 2020 and also allow Israeli producers to export their products.

The Jerusalem Post reported on Sunday that the subsidy, which has already gone into effect, will ease costs for Israeli medical patients and ramp up domestic production.

Previously, Israel has struggled with cannabis product shortages, as well as complaints about price and quality, which led to the country becoming one of the world’s largest importers of medical cannabis.

Under the new temporary measures, the ministry will only allow companies to export cannabis after they have reduced domestic prices and demonstrated they have enough inventory to supply local markets, reports Calcalist.

Edelstein said that if the changes prove successful, further and more permanent measures could be introduced. “I am glad we’ve started the…

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