TASE investors get high on Israel’s cannabis stocks

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The medical cannabis market in Israel is undergoing a period of uncertainty. The big question now is whether exports of cannabis products from Israel will be allowed, and if so, when. Despite the uncertainty in the sector, shares in cannabis companies have overtaken cryptocurrencies as the latest hot market shakers on the TASE. Right now, merely mentioning that a company is about to commence cannabis activity, without any details about that activity, is enough to send its share price soaring. In most cases, it turns out later that the business involved is growing cannabis plants and processing the crop into a medical product. At this stage, however, most of the enterprises include agricultural land on which not a single cannabis plant has been planted so far and processing plant on which even the cornerstone has not yet been laid. TASE investors get high on Israel’s cannabis stocks

thumbnail courtesy of globes.co.il

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