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.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.