SoLa Impact, a leading minority-led real estate fund focused on affordable and workforce housing in California's Black and brown communities, today announced that the California State Teachers' Retirement System ("CalSTRS"), the world's largest educator-only pension fund, via their joint venture with Belay Investment Group, has anchored SoLa's second close with a $50 million equity commitment into its "Black Impact Fund."  CalSTRS' investment combines commitments from the pension fund's Real Estate and Sustainable Investment & Stewardship Strategies ("SISS") units thorough its partnership with Belay Investment Group, CalSTRS' emerging manager conduit. [...]

“Cat Packer should have stepped down as the Director of the Department of Cannabis Regulation a long time ago. Cat stepping down is not going to fix all of the problems. Everybody else in that department needs to go as well. They should revamp the whole department because everybody participated in the destruction and the demise of LA’s cannabis market. LA should have been the number one cannabis market in the world. [...]