Cannabis Legalization

Cannabis News: Biden Administration Intends To Deny Applicants With Investments In Cannabis Firms

The Biden Administration intends to deny applicants who hold investments in cannabis firms from job opportunities, a new report released by Politico has revealed.

Candidates for security clearance employment will no longer be considered whether they currently hold investments in a cannabis enterprise or a business that solely operates in the cannabis sector, or if they have made investments in these types of enterprises in the past, says the report.

“Eligibility may be negatively impacted if an individual knowingly and directly invests in stocks or business ventures that specifically pertain to marijuana growers and retailers,” reads a document obtained by POLITICO reporters. “Decisions to willfully invest in such activity could reflect questionable judgment and an unwillingness to comply with laws, rules, and regulations.”

Cannabis firms cannot trade on U.S. exchanges, and the White House policy shift might foreshadow broader national reform.

With cannabis legalization reform on the horizon, does this change to job employment policy for the Biden administration make sense? Sound off below, and let us know your thoughts!

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