{"id":28262,"date":"2018-07-24T15:02:13","date_gmt":"2018-07-24T15:02:13","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2018\/07\/24\/israeli-firms-seek-to-cash-in-with-dead-sea-cannabis-cosmetics\/"},"modified":"2020-08-11T11:33:41","modified_gmt":"2020-08-11T09:33:41","slug":"israeli-firms-seek-to-cash-in-with-dead-sea-cannabis-cosmetics","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2018\/07\/24\/israeli-firms-seek-to-cash-in-with-dead-sea-cannabis-cosmetics\/","title":{"rendered":"Israeli firms seek to cash in with Dead Sea cannabis cosmetics"},"content":"\nIsrael\u2019s Together Pharma and Premier Dead Sea will set up a new company to create cosmetics based on Cannabidiol (or CBD), a constitute of the cannabis plant that is used in several health products. \nOne of the most notable qualities of CBD is its lack of psycho-activity. Unlike THC which has the \u201cpower\u201d\u00a0to produce euphoric sensations, Cannabidiol is completely inert, when taken on its own. That is why it is used\u00a0for\u00a0medical and legal purposes. \nIt has a wide variety of applications thanks to its anti-inflammatory, anti-bacterial, anti-oxidant and anti-aging properties. Its market is expected to grow 700 percent by 2020. Together Pharma and Premier Dead Sea want to extract this non-psychoactive antioxidant from the cannabis plants in order to \u201ctake profit from this big marketing potential\u201d. Testing of the compound has already started at a Premier Dead Sea facility in Italy.\nThe fear of upsetting Trump\nIsrael is known as a pioneer in cannabis research with more than 50 Israeli medical marijuana companies cultivating plants or producing delivery devices for the drug in the country. \nHowever,\u00a0last February,\u00a0Prime Minister, Benjamin Netanyahu, announced at a meeting with the ministers of agriculture, health and finance that the ambitious export project\u00a0for medical marijuana\u00a0would be put on hold. Before they could present their arguments, Netanyahu said that Donald Trump had called him personally\u00a0to make clear his strong attitude against marijuana exports. \nA Channel 2 News report noted that when a Finance Ministry representative suggested to avoid exporting to the US, Netanyahu said it might not serve Israeli interests. The makers of cannabis-based products will then have to set up shop in foreign destinations.\nDiscover our latest videos on\u00a0economic news in Israel :\u00a0\n\n\n","author":42,"featured_media":5366,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5752,5764,5761,5763,5766,5751,5756,5755,5753,2961,5750,5759,5762],"location":[1021],"class_list":["post-28262","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-business-support","tag-communities","tag-decision-makers","tag-direct-broadcasting","tag-economic-analysis","tag-economy","tag-employment","tag-employment-training","tag-entrepriseslife","tag-institutions","tag-news","tag-politics","tag-trending","location-israel"],"short_url":"","have_related_news":null,"chapo":"Anything made with minerals from the Dead Sea tends to receive great credit nowadays. Skincare firm, Premier Dead Sea, and manufacturer of medical cannabis, Together Pharma, join forces to launch a brand-new line of therapeutic and cosmetic products that combine Dead Sea minerals with a compound extracted from cannabis plants.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/cannabis-israel-1.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/cannabis-israel-1.jpg 550w","sizes":"550px","alt":"Israeli firms seek to cash in with Dead Sea cannabis cosmetics 1","width":550,"height":360,"ratio":0.55,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/cannabis-israel-1.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/cannabis-israel-1.jpg 1170w","sizes":"1170px","alt":"Israeli firms seek to cash in with Dead Sea cannabis cosmetics 1","width":1170,"height":658,"ratio":0.55,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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