Israeli cannabis firm hopes to list on London Stock Exchange

An Israeli medicinal cannabis company is hoping to be the first marijuana  firm to list on the London Stock Exchange next month – if it meets all the requirements.

Kanabo, which produces vapourising devices, is understood to be meeting investors this week, as the main players in Israel’s well-developed medicinal cannabis industry continue to knock on British legislators’ doors.

Medicinal cannabis products can be used to treat conditions such as insomnia and other sleep disorders, chronic pain, and post-traumatic stress disorder, but different countries have different laws, and the UK has some of the strictest.

That reluctance has led industry insiders to warn that Britain is being left behind. Just last month Panaxia, another Israeli medical cannabis company, completed its first commercial export of medical cannabis products to Germany.