MembersFormer Prime Minister Gets Into Cannabis

Ehud Barak, one of Israel’s most decorated soldiers and a former prime minister, became a board member of medical cannabis company Canndoc Pharma, formerly known as InterCure.

By Michael Selutin |
Ehud Barak
Photo: Tomer Neuberg/Flash90

Barak has been active in the Israeli start-up scene for several years, primarily as an investor and in utilizing his global connections to provide fledgling companies with access to international markets. Barak plans to do the same for Canndoc as he represents the company’s interests both in Israel and abroad. For his role, the former prime minister will reportedly receive a salary of $10,000 a month for 40 hours of work, plus an option on 5 percent of the company’s shares.

The cannabis industry is not hi-tech in the traditional sense, but here, too, new technology is being researched to harness the medicinal properties of the controversial plant. Unlike other medicinally useful plants, cannabis, or marijuana, is often viewed with suspicion because of its psychosomatic effects. However, it’s many medical applications cannot be ignored. Several years ago, Israel paved the way in loosening drug regulations, allowing its to become a global leader...

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