The Israeli Parliament (the “Knesset”), passed a 16th amendment to Dangerous Drugs Ordinance on December 25, that concerns the governance and regulatory aspects of exporting medical cannabis from Israel. Subsequently, Israel is poised to be a top-earning, global hub in the marijuana market.

The Knesset’s measure was approved unanimously by 21 votes. Following the vote, the Minister of Internal Security, Gilad Erdan, approved. (Minister Gilad previously disapproved such measures; however, his party is currently up for re-election.)

The bill passed the Knesset’s internal affairs committee and two additional votes in the Knesset’s grand hall. The legislation authorizes the Israeli Police to conduct supervision of cannabis farms, and grant approvals for cultivating, growing and exporting of cannabis and cannabis-related products. Police involvement clears a legal obstacle necessary for the final approval of export of medical cannabis from the country, during 2019, expectedly.

– Read the entire article at Forbes.