With Exports Delayed, the Promise of Israel’s Cannabis Industry Goes Up in Smoke

Last week, the last of Israel’s public medical cannabis companies published its financial report for 2019. A glance at the numbers presented by all 11 companies reveals a rather glum picture. Five of these companies, all with activity mainly or exclusively dedicated to medical cannabis, finished the year with zero income, millions of shekels in losses, a high cash burning rate, exceeding for some of them the available cash in their coffers.

Link: With Exports Delayed, the Promise of Israel’s Cannabis Industry Goes Up in Smoke
via www.calcalistech.com