Last month cannabis became completely legal throughout Canada for both medical and leisure purposes. However, although the Canadian market represents a larger than ever opportunity for Israeli companies, the Canadians have already given up somewhat on working with Israel, explains DLA Piper Canada Partner Adv. Noam Goodman, who specializes in cannabis regulation.
“Israeli companies are seeking capital investments from Canadian enterprises but they are disappointed that exports from Israel have not been approved and are beginning to lose faith in it ever happening, because they are continually being told that approval of exports is just around the corner,” Goodman said. “Consequently, Canadian companies are currently less interested in speaking with cannabis growers but rather with those who are developing cannabis related technologies such as special inhalers, software and sensors for controlling agricultural cultivation, innovative irrigation solutions and the like. However, there are not so many Israeli technologies targeting the cannabis market