Church suspends rules against marijuana investment

The Church of England announced this week that they will repeal their own self-imposed rules against investment in medicinal marijuana. The investment arm of the church, known as the Church Commissioners for England, manages a $10.4 billion portfolio which the church describes as a “diversified portfolio spread across a broad range of asset classes, consistent with our ethical guidelines.”

The mission of the Church Commissioners states that the investments contribute “approximately 15% of the Church’s annual running costs.”