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Biden admin to applicants: Maybe don’t invest in weed companies | Cannabis Business Executive – Cannabis and Marijuana industry news

The new policy underscores how the business of weed, ever more legitimized, is forcing adjustments by the feds. Smoking weed may no longer be the only potential impediment to getting a job with security clearance in the Biden administration. Investing in cannabis companies could now trip up applicants, too. The Biden administration has expanded its…
The post Biden admin to applicants: Maybe don’t invest in weed companies appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

The new policy underscores how the business of weed, ever more legitimized, is forcing adjustments by the feds.

Smoking weed may no longer be the only potential impediment to getting a job with security clearance in the Biden administration. Investing in cannabis companies could now trip up applicants, too.

The Biden administration has expanded its employee conduct guidelines to potentially deny security clearance to individuals who have invested in companies that are involved in the marijuana business, according to an internal executive branch presentation shared with POLITICO.

“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,” according to the document. “Decisions to willfully invest in such activity could reflect questionable judgment and an unwillingness to comply with laws, rules, and regulations.”

The recently updated guidance is the latest illustration of the federal government trying to grapple with its cannabis-related HR policies as the product has become an accepted legal business, medication and recreational substance in states across the country. All told, 37 states, the District of Columbia and some territories have legalized cannabis for medical or recreational use. [Read More @ Politico]

The post Biden admin to applicants: Maybe don’t invest in weed companies appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

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