Connect with us

Hi, what are you looking for?

Jewish Business News


TASE Adds New Index Just for Cannabis

The New Tel Aviv Stock Exchange listing has nine companies.

Medical Cannabis –Unsplash

The Tel Aviv Stock Exchange (TASE: TASE) has launched a new index that will comprise shares of companies from the Cannabis Subsector. The new exchange will include nine medical marijuana companies with a combined market cap of NIS $1.7 billion ($530 million).

The nine companies are InterCure, Panaxia Israel, Seach Medical, Tikun Olam Cannbit, Together, Pharmocann, Intelicanna, Cannassure, and Univo.

How things have changed so quickly. Fifteen U.S. states have legalized marijuana entirely and thirty-five have made it legal at least for medical use. All but two states have decriminalized its possession. And almost fifty nations around the world have legalized medical marijuana with several, including Canada, making it entirely legal.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Even Israel has allowed medical cannabis and decriminalized possession in small amounts. And many Israeli firms are at the forefront of medical marijuana research.

So now everyone wants to get in on the game, getting a head start wherever they are in the world with the expectation that the full legalization of marijuana is an inedibility.

The Israeli medical cannabis industry has been growing. The New TASE Cannabis Subsector includes companies that are primarily engaged in the fields of research, cultivation, sale or production and marketing of medical cannabis products. And Israeli academia is conducting research into new ways to use cannabis medically.

Technology developed at the Technion Institute in Haifa has enabled the Israeli cannabis-based pharmaceutical company Nextage to develop a way to transfer cannabis molecules directly into the brain. The molecules penetrate the brain through the blood-brain barrier, which stops the entry of many substances.

The majority of shares in the Cannabis Subsector are included in the TA-Growth Index and only one is included in the TA-SME60 Index. As the market cap of the 9 cannabis companies included in the Tamar Equity Indices Universe is relatively low, at present the index does not qualify as a base asset for ETFs and tracking financial products. Nevertheless, as it is useful, among others, in indicating trend changes in the market cap of its companies and as a benchmark for active mutual funds that offer exposure to this emerging and growing sector, TASE has decided to launch the index.

The TA-Cannabis Index will include the shares of companies that TASE has classified to the Cannabis Subsector, with a weight cap of 15% for shares included in the index.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News