Church of England Reverses Course, Okays Investments in Medical Marijuana

When Meghan Markle’s nephew announced back in April 2018 that he was developing a new strain of cannabis to commemorate the royal wedding between his aunt and Britain’s Prince Harry, hardly anyone blinked. After all, what does one expect from an American? Prince Harry, for that matter, had been sent to a rehab clinic once when he was 16 after his father found him with a joint.

Now the investment arm of the Church of England, the country’s official church, has reportedly relaxed its self-imposed ban on investment in medical marijuana. The Financial Times reported over the weekend that the Church’s $16 billion endowment, which previously had a ban on investing in cannabis, has not yet made its first wager on medical marijuana.

Edward Mason, the Church Commissioner’s head of responsible investments told the FT, “We make a distinction between recreational cannabis and medicinal cannabis. We are content with

... read more at: https://247wallst.com/investing/2019/06/10/church-of-england-reverses-course-okays-investments-in-medical-marijuana/

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