Israel Announces 165% Tariffs On Canadian Cannabis

Israel is an international leader in medical cannabis in many ways, having allowed legal medical cannabis activity by patients going back to the 1990s. It is also considered the birthplace of modern medical cannabis research.

The Israeli medical cannabis market is large in size and scope, which makes it a popular destination for medical cannabis product imports and exports. Historically, medical cannabis products from Canada have been popular in Israel. However, that could be changing in the future, with Israel announcing stiff tariffs on Canadian cannabis.

“Israel’s Minister of Economy and Industry has announced the nation will impose tariffs on Canadian cannabis at rates as high as 165% for the next four years.” StratCann reported. “The decision still needs to be approved by the country’s Knesset Finance Committee and Finance Minister.”

“In its adoption of the Minister of Economy’s Advisory Committee recommendations, the new levy tariffs will be 165% on all Canadian cannabis imported into Israel, except for Decibel (12%), Village Farms (28%), Organigram (53%), and Tilray (70%).” the outlet also reported.

Persistence Market Research estimates that “the global medical marijuana market is expected to grow from USD 33.1 Bn in 2025 to USD 83.1 Bn by 2032, registering a CAGR of 14.0% during the forecast period.”