AMWatch

AP7 is pilling up cannabis – other AP funds shun

Swedish state pension fund AP7 has invested in two cannabis companies in a rapidly growing Canadian market. Other AP funds have chosen to exclude cannabis equity for ethical reasons.

Photo: /ritzau/AP/Ricardo Arduengo

AP7, one of Sweden's major state pension funds, has invested in two of the world's largest cannabis companies – Canadian Aurora Cannabis Incorporation and Canopy Growth Corp – reports Drugnews, a Scandinavian anti-drug news website.

AP7 made these investments in 2018 and held a position worth EUR 6 million at the end of the year. The fund has since increased its holdings to almost EUR 10 million.

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