Buy more in Israel with your dollars
It’s a good time for American tourists to visit Israel – flights, especially those going through Ukraine or Moscow cost less than $500 round-trip. Once you get here, everything from falafel to T-shirts are cheap, thanks to an exchange rate of four shekels per dollar, up from 3.5 just a few months ago. About 40 percent of Israel’s GDP comes from exports, meaning the depreciation of the shekel is good news for the Israeli economy. However, the flip side is that imports now cost more in Israel, which could have led to inflation. But the depreciation of the shekel comes as the price of oil has hit a new low, to under $50 a barrel.
Read more Israel’s cannabis companies show off their agri-tech innovations
The first Canna Tech Israel event is around the corner and Israeli startups targeting the global cannabis medical market are hoping to woo investors. Cannabis tech companies including EdenShield, Syqe Medical, BreedIT, flux, Cannabics Pharmaceuticals, and LaraPharm will show off their innovative breeding techniques and inventive medical marijuana devices.