The body responsible for investing the funds of the Church of England willing to invest in the medicinal cannabis industry for the first time, saying it holds the drug to the same standard as other pharmaceuticals.
The body responsible for investing the funds of the Church of England has said it is willing to invest in the medicinal cannabis industry for the first time, saying it holds the drug to the same standard as other pharmaceuticals.
The announcement follows a change in the law in the United Kingdom with regards to medicinal cannabis. The U.K. legalized the use of medicinal cannabis in November 2018, following in the footsteps of Canada and many states in the U.S. Investments in the medicinal cannabis market will have to fall in line with the Church of England’s Ethical Investment Policy, which places restrictions on how the Church can invest in companies that generate profits from industries such as gambling, alcohol and tobacco.
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