In a move that will certainly have an effect on both domestic and foreign cannabis companies such as Singlepoint Inc. (SING) (SING Profile), Rocky Mountain High (RMHB), mCig, Inc. (MCIG), General Cannabis Corp. (CANN) and Cannabics Pharmaceuticals, Inc. (CNBX), Israel is reportedly making strides toward allowing the export of medical marijuana, according to Reuters (1).
The Israelis are widely regarded as leaders in medical marijuana research. However, the local market is small, estimated at $20 million, tops. Nevertheless, the meager market size appears to discourage neither innovation nor investment. As such, Israeli companies are involved in the value chain at all stages, from agriculture to consumer products. In Israel at least, the cannabis ecosystem is…
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