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Israel Pharmacies to Begin Selling Medical Marijuana on April 20

Israel

20 pharmacies in Israel will start selling medical marijuana via prescription on April 20 as part of the country’s pilot program to regulate medical marijuana sales. The Israeli government approved marijuana reform in 2016.

There are 900 submitted applications for permits to cultivate and process marijuana, CTech reports. Changes to the process of obtaining a prescription have changed, making it much easier and faster for patients to receive their prescriptions. The Ministry of Health will oversee the entire program.

Tamir Gedo of BOL Pharma said, “The cannabis industry in the U.S. and Europe is characterized by the lack of uniformity and standardization. The lack of industry standards and regulations prevents pharma and biotech companies from entering the field of cannabis. There are more clinical trials for cannabis medicine taking place in Israel today than in the U.S. and Europe combined. This mass of clinical trials could bring to market four to six new cannabis medicines.”

The country will use the same guidelines used for the pharmaceutical industry including proper labeling procedures, providing an accurate shelf-life for medical marijuana products and including an active-ingredient concentration listing. If the program succeeds, it will be the first in the world to standardize medical marijuana products.

Israel is also in the process of reevaluating the exportation of medical marijuana products around the world. It could net the country as much as $1.1 billion annually if implemented.