Israeli cannabis exports now in prime minister’s hands; Trump pressure denied

A key Israeli parliamentary committee got here to a consensus on the pressing have to approve medical cannabis exports – which insiders think about essential for the creation of a sustainable MMJ business – and vowed Monday to push for a fast decision.

That clears an necessary hurdle for the issuance of export permits, placing the ball in the courtroom of Prime Minister Benjamin Netanyahu, who has requested for a evaluate of the export plan.

The Israeli Ministry of Public Security stated it might drop its opposition to medical cannabis exports so long as price range financing is in place to implement laws and stop “leakage” into the unlawful leisure sector, in accordance with briefing notes of the assembly obtained by Marijuana Business Daily.

At Monday’s assembly, Minister of Agriculture and Rural Development Uri Ariel disputed media reviews that U.S. President Donald Trump had a hand in delaying the approval of medical cannabis exports, calling the stories false.

A Ministry of Finance consultant stated the minister helps exports, claiming it might add 1 billion-Four billion shekels ($286 million-$1.1 billion) in tax income per yr to Israel’s coffers.

The parliamentary committee assembly got here after the marijuana business took the federal government to courtroom to approve exports sooner relatively than later.

Hagit Weinstock, the lawyer behind the authorized motion, referred to as stories of Netanyahu bowing to U.S. pressure and blocking exports “fake news.”

“Netanyahu asked his chief economic adviser to review the potential economic options,” Weinstock stated.

“This is just something a prime minister has to do. We’re arguing ‘when’ exports are approved, not ‘if.’”

Matt Lamers might be reached at [email protected]

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