Israel’s Together Pharma Ltd., a manufacturer and distributor of medical cannabis, said Monday it has placed an order for cannabis seeds for a farm it is setting up in Uganda, targeting sales of cannabis produce for January 2019.
According to the website TheTimesOfIsrel.com, the order for the seeds has been placed with a supplier in the Netherlands, considered one of the world’s leading cannabis suppliers, the company said in a statement.
In April, Together said it had reached a binding agreement to sell five tons of cannabis oil to a Canadian company that it didn’t name. The deal could potentially yield revenue of hundreds of millions of shekels, the Israeli firm said at the time.
“The order of the seeds represents an important milestone towards growing cannabis on a farm in Uganda and marketing produce to a Canadian customer by the beginning of next year,” Together CEO Nissim Bracha said in a statement.
The firm is also setting up a farm in Israel to focus on the local market, where “significant growth” is expected, as well as working to promote the medical cannabis sector in North America and Europe, which are “markets with large economic potential for us.”
Earlier this month, Together said it signed an accord with local skincare firm Premier Dead Sea Cosmetics Laboratories to cooperate in the creation of a line of therapeutic and cosmetic products that combine Dead Sea minerals with the cannabidiol compound, CBD, extracted from cannabis plants.
Israel is known as a pioneer in cannabis research, and there are government estimates that the economy could reap $285 million to $1.14 billion a year from the industry. An estimated 50 Israeli medical marijuana companies work in cultivating plants or producing delivery devices for the drug in Israel, according to Reuters.
However, exports are being held up by a ban enforced by Prime Minister Benjamin Netanyahu, causing the makers of cannabis-based products to set up shop in foreign destinations.
8 thoughts on “Israeli Firm To Grow Ganja On Ugandan Firm”
Its a good idea if only local farmers are legalised to grow and they buy it from farmers directly like tobacco. I wonder why its allowed to be grown in Uganda when its illegally.
weed growing in uganda is illegal how come foreigners are allowed to do criminal acts in our country? NRM be serious! If you hungry for money and wealth, allow local people to cultivate this weed and pay for it after making legal
Our leaders now becoming misleaders. why acting above the law! Lothe and disdain is all I have for this banana Republic.
how come….there is away the government is always being unfair…i get it..its all abt money. yess!!!! BT ask yourself where the money goes and after that its us the civilians to carry the burden ..anyway its totally unfair for foreighner s to be allowed to go against the law against our own wish.
Weed should only be grown by Ugandans and sold to foreigners.
No foreigner should be allowed.
This can only be heard or done in Uganda – this is treason by whoever approved it
Weed is healthy for everyone of us, as long as it isn’t abused. Anything here can be legalised.
The idea is absolutely nice but it is better to conducted by our fellow Ugandans then bringing in foreigners
Its a good idea if only local farmers are legalised to grow and they buy it from farmers directly like tobacco. I wonder why its allowed to be grown in Uganda when its illegally.
weed growing in uganda is illegal how come foreigners are allowed to do criminal acts in our country? NRM be serious! If you hungry for money and wealth, allow local people to cultivate this weed and pay for it after making legal
Our leaders now becoming misleaders. why acting above the law! Lothe and disdain is all I have for this banana Republic.
how come….there is away the government is always being unfair…i get it..its all abt money. yess!!!! BT ask yourself where the money goes and after that its us the civilians to carry the burden ..anyway its totally unfair for foreighner s to be allowed to go against the law against our own wish.
Weed should only be grown by Ugandans and sold to foreigners.
No foreigner should be allowed.
This can only be heard or done in Uganda – this is treason by whoever approved it
Weed is healthy for everyone of us, as long as it isn’t abused. Anything here can be legalised.
The idea is absolutely nice but it is better to conducted by our fellow Ugandans then bringing in foreigners