Cannabis, stocks (pixabay photo)
It seems that Israeli medical cannabis is slowly gaining momentum. There has been a lot of talk in recent years about medical cannabis and Israeli manufacturers and here, after years in which the field was almost paralyzed, the issue of exports abroad is starting to move forward, in small steps – but progressing.
One of the more interesting companies in the field is Togdar, which in order to circumvent the issue of exports from Israel to abroad has established a breeding farm in Uganda and there it actually applies the knowledge it has gained in the field and from there started selling medical cannabis to other countries.
One of the main target countries is Germany and there Togder started selling medical cannabis grown and working on a farm in Uganda. Togdar has so far sold 50 kg of medical cannabis to pharmacies operating in the field and is negotiating with other pharmacies for deals that it has defined as “significant”.
Togder shares are up 17% on the stock exchange today, after the stock lost more than half of its value this year.
It should be remembered that the issue of selling cannabis from country to country is a complicated issue that is examined very closely by the authorities in the countries of origin and destination due to the fear of cannabis reaching markets it is not supposed to reach and fueling criminal organizations and so on. Togder who now creates a practice and produces an acquaintance that includes actual transportation and sale, with the authorities in Germany.
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