Nearly a year after the government supported the proposal, Israel will finally export its medical cannabis after having received final approval. The country is expected to see 1 billion shekels ($273 million) in annual medical marijuana revenue as Israel is one of the world’s top producers. The government approved exports in January of this year, but due to the months-long political gridlock in Israel, the process stretched out for longer than expected.

Globally, a preference for medical cannabis on the market has increased over the last few years, even in places where generalized use and sale of cannabis has been legalized. This trend has continued as the more and more consumers recognize the merits of medical cannabis increases, especially when compared to unregulated crops.