Israel: Economic Assessment Says Legalizing Cannabis Will Boost Revenue

JERUSALEM, ISRAEL — Legalizing the retail production and sale of cannabis in Israel would generate an estimated 1.6 sheckels (approximately $450 million) annually, according to an economic assessment published this month by the Jerusalem Institute for Market Studies (JIMS). The authors estimate the existing Israeli marijuana market to total some 2.5 billion sheckels ($704 million). They estimate that taxes […]

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