The LDS Church owns more than 1 billion dollars in pharmaceuticals.

Time Magazine gave the following details on Mormon finances: "The church's material triumphs rival even its evangelical advances. The LDS Church would lose an exorbitant amount of money in investments if medical cannabis were to legalize. For the first time, the LDS Church’s biggest investment fund has disclosed its Wall Street holdings, revealing $37.8 billion in stocks and mutual funds. With unusual cooperation from the Latter-day Saints hierarchy (which provided some financial figures and a rare look at church businesses), TIME has been able to quantify the church's extra-ordinary financial vibrancy. After the church in 2018 expressed opposition to medical cannabis, for example, some online forums wondered if the reticence was influenced by church investments in pharmaceutical companies that sell opioids. MormonLeaks’ recent discovery of what looks like LDS Church-owned firms bearing stock-market investments valued at more than $32 billion is cause for renewed calls for financial transparency.
How the LDS Church plays the stock market has been the subject of speculation for decades.

The majority of the church’s for-profit companies are run under a holding company called Deseret Management Corporation. Jointly published by the Deseret News and The Church of Jesus Christ of Latter-day Saints, its content supports the doctrines, principles and practices of the Church.

So it is revealed that the Church is heavily invested in seven different pharmaceutical companies, one of which is called AbbVie Inc., the company that produces the synthetic cannabis substitute Marinol.So really, much like their ignored opiate epidemic, the powers that be in Utah don’t care if you get high, they just want to be sure that they profit from it.

Church or TAX FREE CORPORATION?
Q: What companies are owned by the Mormon Church? The Church of Jesus Christ of Latter-day Saints has a stock market portfolio of at least $32 billion, according to data released Wednesday by the website MormonLeaks.com. r/exmormon: A forum for ex-mormons and others who have been affected by mormonism to share news, commentary, and comedy about the Mormon church. According to Forbes: "Deseret Management is owned by DMC Reserve Trust, a religious, educational and charitable trust affiliated with the Church of Jesus Christ of Latter-Day Saints. The Church of Jesus Christ of Latter-day Saints owns the Deseret Management Corp., which is the church's holding company with such diverse businesses in its portfolio as a publishing company, a TV station, a newspaper and radio stations. SALT LAKE CITY -- The website MormonLeaks released the results of its own investigation into investments controlled by The Church of Jesus Christ of Latter-day Saints, showing more than $32 billion held in 13 separate funds. What Companies Does the Mormon Church Own? Here are 10 power-house businesses owned, founded or headed by … Both the Southern Baptists and Catholic Church have far larger annual operating revenue than the LDS Church, but the cash tends to flow through without an emphasis on investment. Finances of The Church of Jesus Christ of Latter-day Saints (LDS Church) are similar to other non-profit and religious organizations, in that their funding comes from the donations of its members and the principal expense is in constructing and maintaining facilities.. I am not stating that the LDS Church leadership is strongly against medical cannabis because it will lose money, but that doesn’t help when there is a motive.

The Southern Baptist Convention is non-hierarchical affiliation of churches sharing beliefs, but governed locally with churches operating on separate budgets.

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