The ministerial committee on legislation approved
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The bill is expected to be presented for its preliminary reading in the Knesset on Wednesday.
"The for first time in Israeli history, we are embarking on a legislative process that will lead to the regulation of the cannabis market in the country," bill sponsor MK Sharren Haskel of Likud wrote on Facebook.
"The road to get to this point was not a simple one and was full of many political and media battles, but finally the determination and perseverance have paid off."
Defense Minister Benny Gantz welcomed the approval of the bill. Gantz's fellow Blue & White party member, MK Ram Shefa, is the other sponsor of the legislation.
"An important step has been made today in cannabis reform,” said Gantz. “We intend to finally regulate the cannabis industry in Israel and prevent innocent patients [who use medical marijuana] and citizens from becoming criminals.”