Cannabis Index Launches On Tel-Aviv Stock Exchange

Israel’s cannabis market, which has been notably advancing in recent years, welcomed a new cannabis-focused index Monday on the Tel-Aviv Stock Exchange.

The index includes shares of nine companies belonging to the cannabis subsector under the biomed sector. The cannabis subsector includes companies in various medical cannabis sectors, such as research, sale, cultivation, production, and marketing.

It's also relatively new, having launched at the beginning of November.

The nine companies have a collective market cap of 1.7 billion shekels ($529 million).

The stock exchange said the subsector is a “a benchmark for active mutual funds that offer exposure to this emerging and growing sector.”  

The companies in the TA-Cannabis Index are Panaxia Labs, InterCure, Tikun Olam Cannbit, Cannassure, Univo, Seach Medical, Together, Pharmocann, and Intelicanna.

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsGlobalMarketsMediaisraelTel Aviv Stock Exchange
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on – Prices will increase very soon!