Study: Legalizing Cannabis in Israel Would Result in Nearly Half a Billion Dollars Annually

According to a new report by the Jerusalem Institute for Market Studies, the illegal cannabis market in in Israel is worth nearly a billion dollarsLabor Welfare and Health Committee, and bringing it above ground into a legal market would net the nation over $450 million in both reduced enforcement costs, as well as increased tax revenue.

Over 275,000 people consume cannabis in the past year, researchers found. The study also found that 75% in the country believe cannabis has legitimate medical value. 

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