Holy smokes! The Church of England is considering investing in the burgeoning cannabis industry.
The church’s investment arm, the Church Commissioners for England, will reportedly relax its rules against investment in medicinal marijuana companies, according to the Financial Times. The Church Commissioners manage a £8.2 billion portfolio, which funds the ministry of the Church of England.
Believers in ethical investment, the Church Commissioners do not invest in so-called “sin stocks” — shares of companies for which immoral products make up at least 10% of revenue. Apparently still a “sin,” recreational marijuana falls under this category, as does tobacco, gambling and pornography. The Church Commissioners have given the green light only to investment in the medicinal cannabis industry.
More here-
https://dailycaller.com/2019/06/13/church-of-england-marijuana-investment/