“We are thrilled to introduce the ideal Israeli cannabis entrepreneurs and their firms to New York’s vibrant investment neighborhood and share our deep connections and insights,” stated iCAN: Israel-Cannabis CEO Saul Kaye at the symposium.
“Israel is attracting investment from the world’s biggest cannabis firms as nicely as from emerging markets in Latin America, Africa and Asia,” he stated.
The international industry for Israeli cannabis technologies is “rapidly expanding,” stated Kaye, urging the American economic neighborhood, which has previously invested in cannabis “state by state” to expand their investments to meet the worldwide chance.
According to an iCan press release, cannabis is the quickest expanding industry in the planet, with the healthcare cannabis business alone anticipated to produce $148 billion globally by 2026 “as nations all through the planet continue to legalize its use and demand continues to develop.”
Considering the fact that Israel legalized healthcare cannabis in the early 1990s, the Jewish state has grow to be the leader in cannabis analysis and innovation, utilizing objective measures to show the efficacy of cannabinoids (the active elements of cannabis) in treating a variety of overall health circumstances such as epilepsy and autism.
At the symposium, Israeli Consul General Dani Dayan exclaimed, “If you want to realize how essential and strategic this business is, the only two living former prime ministers of Israel, Ehud Barak and Ehud Olmert, are each in the legal cannabis business.”
Tal Ohana, mayor of Israel’s southern city of Yeruham, urged participants to stop by Israel and invest, promising, “We will assistance you and the Israeli government will do a lot additional such as granting subsidies for land, for very skilled labor and taxes.”
According to Stephen Konigsberg of Tikun Olam USA, “Israel is a center of excellence for healthcare cannabis—it’s like Switzerland is for banking, the location you go to come across the genuine authorities.”
iCAN Connect sponsors incorporated the New York Israel Chamber of Commerce, America Israel Cannabis Association, the Israeli Financial Mission in New York, Tress capital and Vanguard Scientific Systems.