World

Israeli government signs order permitting medical cannabis exports

Exporters interested in selling permitted cannabis goods abroad will be required to receive a license from the Health Ministry once the free export order enters into force in another 30 days.

A free export order for medical cannabis products was signed by outgoing Economy Minister Eli Cohen on Wednesday, approximately 16 months after the government approved exports of locally grown medical cannabis for the first time.

Marijuana Legalization: New Zealand Has a Final Proposal

In New Zealand, marijuana legalization’s fate depends on the September general elections. Since last year, the country has been working to develop a final proposal to get legalization on the September ballot. Recreational marijuana still isn’t legal. The motive is to understand the support for legalization. Now, New Zealand has a final bill to put on the ballot.

Marijuana Legalization Sees Daylight in Lebanon, US Still Waits

Right now, marijuana legalization has become more important than ever. The medicinal benefits are evident amid COVID-19. While you would expect people to buy essential items, they have also rushed to stock up on marijuana. As a result, state governments in the US and the Canadian government made marijuana an essential item. Lebanon is the first Middle East country to legalize medical marijuana amid the COVID-19 pandemic.

The 3rd Country to Legalize Marijuana Is... Going to Have to Wait Up to 8 More Months

The delays are mounting in Mexico's attempt to end cannabis prohibition.

For much of the past half-decade, marijuana has been one of the fastest-growing industries. After generating $3.4 billion in worldwide sales in 2014, global weed sales more than tripled to $10.9 billion by 2018. According to various Wall Street estimates, worldwide pot sales should hit $50 billion on an annual basis by 2030, with North America generating the bulk of this revenue.

Marijuana Legalization in Mexico Isn’t Likely in 2020

Marijuana legalization in Mexico looks hazy this year. While the country planned to legalize marijuana in October 2019, issues came up. After a lot of deadline extensions, the country was ready to legalize marijuana by the end of April 2020. However, the Mexican Supreme Court has extended the deadline again. The new deadline is partially due to the COVID-19 pandemic.

Lebanon set to legalise medical, industrial cannabis cultivation

Draft law, headed for final parliamentary vote, could boost Lebanon's crippled economy and curb illicit production.

Lebanon's parliament is set to vote on a law that would legalise the cultivation of cannabis for medical and industrial use in an effort to boost its crippled economy and curb illicit production of the psychoactive plant.

The draft law, which has been endorsed by parliamentary committees and is now headed for a final vote, would only affect cannabis that contains less than one percent of the psychoactive compound tetrahydrocannabidinol, or THC.