Israeli cabinet approves law for cannabis export

Israel’s cabinet today approved a law allowing the export of medical cannabis, a move expected to boost state revenues and the agriculture sector.

It also frustrates critics who fear it could lead to more recreational use of the drug.

The bill, backed last month by parliament, allows companies approved by the health regulator and police to export medical cannabis to countries that permit its use.

At the same time, the bill imposes tough regulations on exporters and threatens jail terms and hefty fines for violations.

Israeli media say exports could start in as little as nine months. The government estimates exports could raise its tax revenue by $273 million.

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