WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.
1 minute reading time (145 words)

U.S. firms target investment in Israeli cannabis R&D – Marijuana News

Already a pioneer in high-tech and cutting-edge agriculture, Israel is starting to attract American companies looking to bring medical marijuana know-how to a booming market back home.

Since 2014, U.S. firms have invested about $50 million in licensing Israeli medical marijuana patents, cannabis agro-tech startups and firms developing delivery devices such as inhalers, said Saul Kaye, CEO of iCAN, a private cannabis research hub.

"I expect it to grow to $100 million in the coming year," Kaye said at iCAN's CannaTech conference in Tel Aviv last month, one of the largest gatherings of medical marijuana experts.

Scientists say strict rules, some set by the Drug Enforcement Administration, limit cannabis studies in the United States, where the legal marijuana market is valued at $5.7 billion and expected to grow to $23 billion by 2020.

Click here to read the complete article

Maayan Lubell ~ Reuters ~

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Cannabis Entrepreneur Wanda James Talks Finding Yo...
MSNBC's Chris Matthews Talks Marijuana Legalizatio...

Related Posts


WeedLife.com