Two Israeli firms seek to cash in with Dead Sea cannabis cosmetics

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Israel’s Together Pharma Ltd., a manufacturer and distributor of medical cannabis, has signed an agreement with local skincare firm Premier Dead Sea Cosmetics Laboratories to cooperate in the creation of a line of therapeutic and cosmetic products that combine Dead Sea minerals with the cannabidiol compound, CBD, extracted from cannabis plants. As part of the accord, the two companies will set up a joint venture that will be based in Europe, according to a filing on Monday to the Tel Aviv Stock Exchange, where Together’s shares are traded. Premier will supply the joint company with creams based on Dead Sea minerals, while Together will supply the joint company with the CBD compound derived from cannabis. Get The Start-Up Israel’s Daily Start-Up by email and never miss our top stories

Free Sign Up CBD is a non-psychoactive antioxidant extracted from the cannabis plant that is rapidly gaining importance due to its numerous benefits to humans’ overall well-being. Unlike THC, which is the part of the cannabis leaf that makes you high, CBD is a nontoxic, anti-inflammatory substance that is very well tolerated by the body with few side effects, researchers say. Two Israeli firms seek to cash in with Dead Sea cannabis cosmetics

thumbnail courtesy of timesofisrael.com

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