About 150 entrepreneurs and investors gathered in New York City final week to understand about Israel’s revolutionary health-related cannabis business at the initial-ever “ Cannabis Investment Symposium.”
“We are thrilled to introduce the greatest Israeli cannabis entrepreneurs and their providers to New York’s vibrant investment neighborhood and share our deep connections and insights,” mentioned iCAN: Israel- Cannabis CEO Saul Kaye at the symposium.
“Israel is attracting investment from the world’s biggest cannabis providers as effectively as from emerging markets in Latin America, Africa and Asia,” he mentioned.
The international industry for Israeli cannabis technologies is “rapidly expanding,” mentioned Kaye, urging the American economic neighborhood, which has previously invested in cannabis “state by state” to expand their investments to meet the international chance.
According to an iCan press release, cannabis is the quickest developing industry in the planet, with the health-related cannabis business alone anticipated to create $148 billion globally by 2026 “as nations all through the planet continue to legalize its use and demand continues to develop.”
Because Israel legalized health-related cannabis in the early 1990s, the Jewish state has grow to be the leader in cannabis analysis and innovation, applying objective measures to show the efficacy of cannabinoids (the active elements of cannabis) in treating a variety of well being situations such as epilepsy and autism.
At the symposium, Israeli Consul General Dani Dayan exclaimed, “If you want to comprehend 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 go to Israel and invest, promising, “We will help you and the Israeli government will do substantially far more like 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 health-related cannabis—it’s like Switzerland is for banking, the spot you go to uncover the actual specialists.”
iCAN Connect sponsors integrated the New York Israel Chamber of Commerce, America Israel Cannabis Association, the Israeli Financial Mission in New York, Tress capital and Vanguard Scientific Systems.