Recreational market expected to rake in billions of dollars; CBD-infused cosmetics and food also set to hit supermarket shelves
Israel’s budding cannabis industry has set its sights on expanding its manufacturing, production and export capabilities, as the country prepares to legalize recreational marijuana in the coming months.
Hagit Weinstock is an attorney specializing in cannabis regulation who co-founded the Tel Aviv-based Weinstock-Zehavi & Co. law firm. She sits on a number of government committees that are working to move legalization efforts forward quickly.
“I can see by the committees that I’m part of that everyone is pushing that [legalization] will be done,” Weinstock told The Media Line. “We already have a draft [law].”
According to the draft law, Israelis over the age of 21 will be allowed to use cannabis and to purchase it at designated stores. Smoking in public places, however, will be forbidden.
I can see by the committees that I’m part of that everyone is pushing that [legalization] will be done. We already have a draft [law]
Weinstock’s firm is already working with dozens of Israeli and international companies and investors in the growing marijuana sector. Despite the instability of the current Israeli government – and talks of yet another round of elections – she believes that…