Maryland Gov. Wes Moore’s administration announced Monday he has formally created a blind trust for his assets, which include nearly $1.2 million in shares of stock in a cannabis company — or about 46% of his assets outlined in the trust.
Moore, a Democrat who worked as an investment banker, declared before he was elected that he would create the blind trust swiftly and transparently to avoid potential conflicts of interest while in office. The trust legally removes him from controlling the assets while he is governor.
“This will ensure the governor is removed from even the appearance of potential conflicts of interest that could arise as a result of his duties as governor and further demonstrates his commitment to serving the people of Maryland to the best of his ability ethically, transparently, and effectively,” said Carter Elliott, a spokesperson for Moore.
The State Ethics Commission approved the transfer of Moore’s list of holdings into a blind trust managed by Brown Investment Advisory & Trust Company last week, Carter said.
Brown Advisory is an independent investment management and strategic advisory firm that has offices across the U.S., as well as in Europe and Asia.
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