Israeli Investment Firm Sela Launches Cannabis Fund

Israeli investment firm Sela Investment House (2016) Ltd. announced on Tuesday it is has launched a cannabis trust fund in collaboration with Israeli mutual fund Ayalon Mutual Funds Ltd. The new fund will invest in cannabis-related companies in the U.S., Canada, and Israel. The firm said it will invest in a variety of sectors, from cannabis growers and processors to biotech and agritech companies, and companies developing cannabis-based consumer products. In a statement, Sela founder and CEO David Katash said that investing in cannabis stock today is equivalent to investment in tech companies a decade ago.