Got the munchies? Israeli company raises $1 million to infuse cannabis in pizza

April 17, 2019 by JNS
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Cannibble FoodTech Ltd. has raised more than $1 million to infuse pizza with cannabis, announced the Israeli food company on Monday.

Pizza Credit: Pixabay.

Cannibble, through 1,100 backers, was the first to raise more that amount by utilizing Israeli crowdfunding platform Pipelbiz, a spokesperson for the latter told Calcalist on Monday.

Founded in 2018, Cannibble infuses already-made food and beverages, including iced coffee mix, sweeteners, cake mixes, and both pizza and popcorn toppings with THC, the key ingredient in cannabis that could get consumers high, according to the company.

Earlier this month, Israel enacted a new law that decriminalizes personal cannabis use and possession. And in January, Israel’s Knesset passed a bill to approve the export of medical cannabis, which could generate several hundred million in tax revenue for the state.

JNS

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