Tennessee Medical Cannabis Business & Marijuana Legal News

Tennessee treasurer orders state pension fund to sell marijuana investment

Tennessee’s treasurer has ordered the state’s pension fund manager to sell stock in a marijuana company after learning about the investment. Treasurer David Lillard said he was unaware of the investment until he was contacted by the Chicago Sun-Times. The newspaper reported that more than a dozen public pension funds invested in marijuana through a California-based […]

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American public pension funds invest in cannabis through California-based REIT

More than a dozen public pension funds are investing in marijuana through a California real estate investment trust (REIT), a sign that institutional investors wielding billions of dollars in state funds are comfortable pumping money into the cannabis industry. The public pension funds for government employees represent a broad range of states – from California, […]

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