The Church of England, the mother of the international Anglican Communion, led by Queen Elizabeth II, announced it will chage its investment fund’s rules to allow for investments in medical cannabis.
ABC News they will “hold medicinal cannabis to the same standards” as other traditional pharmaceuticals, only investing in “properly licensed” companies with products “regulated for medicinal use.”
This does not mean that cannabis companies with small stakes in recreational plays will not be considered for investment. The threshold, however, was set at 10 percent of total revenue.It’s all about investing in ethical businesses, “The Church Commissioners Annual Report 2018” explains. In fact, its “focus to be a leader in ethical and responsible investment showed excellent results,” says Andrew Brown, Secretary to the Church Commissioners.
“Our approach involves ethical exclusions; incorporation of environmental, social and governance issues; action on climate change risks and opportunities; engagement and voting; and impact monitoring and impact investments,” the report further elaborates.
But Ponieman disagrees. For him, “what's happening here has nothing to do with the Church of England loosening up, or becoming stoner-friendly.” Ultimately, what this event reflects is the change in perception our society is having around medical cannabis, he ended.
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