2017 surveys showed Israel held the record for the world’s highest ratio of marijuana users with 27% of the population aged 18-65 identifying as recreational users. They are finally now moving to legalization.
“This is a significant, holistic and responsible reform, which shows the State of Israel isn’t ignoring reality and is going in the footsteps of developed countries.” - Justice Minister of Israel Avi Nissenkorn on legalization of weed recreationally.
Israel = population of 9M and 27% are recreational smokers = they are in short supply right now. When legalization comes IPOT will import from partners in Canada to capture short term spike in demand as they ramp up domestic production.
IPOT has a completed 55k sq ft facility for domestic production that will service medical needs and another 110k sq ft facility underway to supply recreational market.
They are poised to become the largest producer in Israel and one of the largest exporters in Europe.
IPOT only has $50M market cap and 138M shares out. Given their positioning to capture market share I think this has multi bagger potential.