It’s Israel’s biggest and oldest medical marijuana company, but until this week, when a court issued an interim order allowing it to resume sales of cannabis flowers, it had been effectively banned from the market.
As of Tuesday morning, Tikun Olam had resumed sales at its retail shops in Tel Aviv and the Galilee town of Safed as well as by mail order. But Israel’s police and the Health Ministry still refuse to give the company’s Kfar Yehoshua farm an operating license, and the two sides are continuing to fight it out in court.
Why they are still refusing isn’t entirely clear, but they pointed a finger in court at Tzachi Cohen, Tikun Olam’s founder and controlling shareholder and a global medical marijuana entrepreneur who made $255 million in a mergers and acquisitions deal last year.