The Times of Israel: Decriminalization seen as boost for medical marijuana research
Weed-focused private equity fund co-founder Saul Kaye predicts $1 billion invested in Israel over the next 24 months
The decriminalization of cannabis in Israel, endorsed Thursday by the public security minister, will help boost medical cannabis research and technologies, said Saul Kaye, a co-founder of ICAN: Israel Cannabis, a private equity fund with a focus on the weed.
“It will help in the general story of de-stigmatizing cannabis,” Kaye said. “Today’s news will help open the door to larger players, including the big pharma companies, seed growers and genetic researchers, who realize this is going to be big.”
In a move seen as paving the way for marijuana to be decriminalized, Public Security Minister Gilad Erdan said Thursday he plans to dramatically change the way the Israeli penal code treats private, recreational use of the drug.[…]
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