Edelstein announces 50% price cut for medical cannabis til end of 2020

In an effort to help alleviate the financial burden on Israel’s medical cannabis patients, Health Minister Yuli Edelstein and Deputy Health Minister Yoav Kish announced on Sunday a pilot program that will, starting immediately and until the end of 2020, subsidize medical cannabis products to around half their current prices.

The pilot program states that a large number of companies in the medical cannabis market in Israel will now have to offer their products at discounted prices of NIS 140 per ten grams for adults, and NIS 100 per ten grams for young patients (up to age 21).

In addition to helping the financial burden on the patients’ side, the pilot also works to ensure a steadier supply of medical cannabis grown in Israel, ruling that only companies who participate in the pilot will be allowed to export their products overseas.

The pilot seems aimed at addressing some of the issues which arose from the reform his predecessor, UTJ leader Yaakov Litzman, attempted in…

Latest posts