Panaxia became the first publicly held medical cannabis company in Israel to receive the requested certification for exporting medical cannabis.
Though Israel’s Ministry of Health, which acts as the regulator for the field, has yet to implement exports, obtaining the certificate is a major development for the Israeli cannabis market. Medical cannabis suppliers can now use the approved Panaxia manufacturing services to export their products to Europe. To this end, they must be certified by Panaxia and their products must be produced at the Panaxia facility.
The certification granted to Panaxia is wider in scope than any previously granted to Israeli companies active in the European market, enabling it to produce and export medical cannabis products in the form of buds, oils, and inhalation extracts.
