The Israeli Knesset has unanimously approved a law to permit exports of medical marijuana, allowing the country to tap the lucrative global market.
Israel will become the third country, after the Netherlands and Canada, to take its medical cannabis global.
The law was approved late Tuesday, sending cannabis company shares rising by about 10 percent.
The law was stalled for years over fears from security officials that medical marijuana would leak into the black market. To assuage concerns, the law empowers police to supervise licensing.
The Israeli Cabinet must give final approval – a step seen as a formality.