Former IDF chief of staff Dan Halutz has been named the chairman of the board of directors of CFR, a newly founded company aiming to enter the medical cannabis industry in Israel, the Israeli magazine Cannabis reported on Tuesday.
CFR has an expansion facility in Bitzaron, an Israeli moshav near the southern coastal city of Ashdod. It currently seeks a full license to grow medical cannabis in Israel. The company only has a code of conduct, which means it has initial approval but no license for actual activity yet, the magazine reported.
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Halutz’s sister Dalia and her son, Or Hameiri, are also involved with the company, according to Cannabis magazine.
Halutz is the latest ex-public figure to enter Israel’s growing medical cannabis business.
In September 2018, NoCamels reported that former Israeli prime minister Ehud Barak was appointed chairman of the board for Canndoc Pharma, the company bought by medical tech firm InterCure last year.
Last month, Univo Pharmaceuticals, announced that former Israeli prime minister Ehud Olmert would join as an investor and adviser.
Former Israeli Police chief Yohanan Danino, meanwhile, is a chairman at Israeli medical cannabis company Together Pharma and former Israeli air force commander Ido Nehushtan is chairman of cannabis insurance company Cannasure Insurance Services.
The Israeli government gave its long-awaited approval for the medical cannabis export law in January 2019, paving the way for the country to become a leading medical cannabis exporter.
Israeli government research says medical cannabis exports are set to bring inan estimated $1 billion in revenue per year.