Medical Marijuana – Israel’s growing “HIGH-tech” leader
By Rolene Marks
Israelis are renowned for being high on life. In fact, Israelis rank very high on the UN’s happiness index, coming in at number 11, far higher than our US and British friends.
Could it be that there is a secret to being happy and chill in the most volatile region in the world?
“Doobie”, “blunt”, “chronic”, “wacky baccy”, “Mary Jane”, “dope”, “ganja”, “weed” or whatever you call it, cannabis is inspiring one of the fastest growing industries in the world and Israel is leading the way.
In 2016, the Israeli government announced that it will expand the number of doctors trained and authorized to prescribe medical marijuana. In January of 2017, the government announced plans to decriminalize personal marijuana use and in February a government committee approved cannabis export.
In April 2019, Israel’s largest medical cannabis company, Breath of Life filed their preliminary prospectus for listing on the Toronto Stock Exchange (TSX).
The company, also known as BOL Pharma, would be the first Israeli medical cannabis firm to list its shares on the TSX. Kalytera Therapeutics Inc., also an Israeli medical cannabis firm, has shares listed on the TSX Venture Exchange, Canada’s public venture capital exchange for emerging companies.
Cannabis can do’s!
Israel is a world leader in cannabis technology for a variety of reasons. When it comes to medical marijuana research, Israel is one of the leading cannabinoid centres, attracting interest from around the world and experts are descending on the tiny state to learn more.
Am Yisrael high?
Israel is a start-up and hi-tech powerhouse so why should adapting this to suit the needs of cannabis tech be any different?
What is the secret that Israelis have cottoned on to that is making medical marijuana a fast-emerging market that many want to invest in?
Israeli scientists are among the world leaders in modifying marijuana’s molecular structure to tailor cannabinoids to specific receptors for treating symptoms of disease.
Agricultural technology such as drip irrigation is being tested and used successfully in the growing of cannabis crops before being used on other similar plants.
The decriminalization of personal marijuana use has also allowed the Israeli government to regulate medical marijuana and make it more accessible and available by prescription at pharmacies.
“Cannabis should be considered, so far as possible, in the same manner as any other medicinal product, requiring supervision and regulation in order to protect public health and welfare, even when taking into account its special characteristics — being a plant rather than a product manufactured in a laboratory or factory,” according to the Health Ministry’s Medical Cannabis Unit.
It turns out that the munchies can prove to be medicinal!
There are many ways to take your medicine. Short of the traditional way, Israeli tech experts have devised new and creative ways to take your daily dose. A variety of delivery systems have been invented such as tablets, a patch, a nasal spray or a cigarette making it easier to regulate dosage.
Major pharmaceutical companies are also getting in on the medical marijuana action and have come up with solutions or devices to help patients.
* Teva Pharmaceutical Industries agreed to market medical cannabis for pain management in Israel with a revolutionary selective-dose pharmaceutical-grade medicinal plants inhaler from Tel Aviv-based Syqe Medical.
*Israel-American company Cannabics Pharmaceuticals is working to put the medicinal compounds of cannabis into a sustained-release capsule in standardized doses.
* Australia-based PhytoTech Medical is developing an adhesive patch with medical cannabis, based on Hebrew University technologies.
Different strains treat different conditions, and did you know that you can even grow your own. For medicinal purposes of course…
The blooming cannabis industry is expected to grow exponentially in the years to come. In the United States, the industry already boasts a $5.7 billion market.
Israel’s growing marijuana high-tech industry proves that the grass is greener on the other side – even in the desert!