SPRC - Cannabis Market Evolves In Israel Amid War With Hamas New Merger On The Horizon | Benzinga
Over the years, Israel has grown into an international giant in the cannabis industry. Recent regulatory reforms approved by the Israeli Ministry of Health allowed physicians to prescribe cannabis to patients as a first-line treatment. Israel has seen a significant increase in the number of licensed medical cannabis patients in the wake of the war in Gaza, particularly those linked with PTSD and pain management, reported Marijuana Moment citing a local Israeli cannabis news publication.
ICD Pharma, Tikun Olam Cannbit (OTC: TKUNF) and Syqe Medical Ltd., a cannabis inhaler maker that previously received a $20 million investment from the tobacco giant Philip Morris which now plans to acquire it in a deal worth up to $650 million. Then there's IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC), the first Israeli cannabis company to debut on the NASDAQ in 2021 are just some of the companies operating in Israel and are ready to capitalize on evolving cannabis policies.
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