Israel stands at the centre of the global cannabis market, but it comes with a small but major problem

While the US still fights for federal marijuana legalisation, Israel seems already to have gone a long way. The 60-year-old nation, despite being beleaguered by wars and almost-nil natural resources, continues to become a global startup hub . Among the many industries booming and advancing in this country is the cannabis segment.

This is possible because the country has been conducting research and development enterprises on medical marijuana since the 1960s. It was also the decade when Professor Raphael Mechoulam , Israel’s most revered cannabis researcher, began his works on discovering the weed’s unknown potential. Mechoulam’s successful synthesisation of cannabidiol (CBD) and tetrahydrocannabinol (THC) has opened doors to future clinical trials on medical marijuana in and outside Israel.

The cannabis culture in Israel is different, too. Israelis are more open when it comes to innovation, which also explains the unstoppable growth of new and small markets in the country. Its government has also been consistent in boosting its support for marijuana ventures through progressive medical marijuana programmes that have been an envy of the world.

Full report by at the International Business Times

[Feature image: A worker tends to cannabis plants at a plantation near the northern Israeli city of Safed June 11, 2012. Reuters/Baz Ratner]