Israel Takes Step Toward Allowing Export of Medical Marijuana

Medical Cannabis
AP/Brennan Linsley

(REUTERS) — An Israeli government committee gave an initial nod on Sunday for the export of medical marijuana in what could be a windfall for companies in Israel, widely regarded as a leader in research in the field.

A government statement announcing the vote said it could take months for the legislation to make its way through parliament.

In the United States, 28 states have legalized marijuana for medical use and since 2012, Colorado, Alaska, California, Maine, Massachusetts, Nevada, Oregon and Washington, D.C. have also approved marijuana for recreational use. The market there, by some estimates, will reach $50 billion over the next decade.

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