The Tel Aviv Stock Exchange on Monday launched a new index for nine medical cannabis companies.
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The new index includes nine companies that are "primarily engaged in the fields of research, cultivation, sale or production and marketing of medical cannabis products", the TASE said.
Though the index has a relatively low market cap of 1.7 billion shekels ($529 million), the bourse said it launched the index to indicate trends and as a "benchmark for active mutual funds that offer exposure to this emerging and growing sector."
