420 with CNW — Biden Administration Warns Applicants to Refrain from Investing in Cannabis Companies

Smoking cannabis may no longer be the only obstacle that keeps you from getting a job with security clearance. Turns out, investing in marijuana companies may also be an impediment. According to an internal presentation, the White House has broadened its employee conduct guidelines to deny clearance to any person who has invested in companies involved in the cannabis industry.

The document states that an individual’s eligibility could be impacted negatively if they directly and knowingly invest in business ventures or stocks that are related to cannabis retailers and cultivators. It goes on to indicate that any decision made to invest in such activity willfully may reflect an individual who isn’t willing to comply with rules, regulations and the law.

This update is another demonstration of the federal government trying to deal with its marijuana-related HR policies as cannabis becomes a more accepted legal recreational, medical and business substance in states across the nation. Currently, the District of Columbia and 37 states as well as various territories have legalized marijuana for recreational and/or medical use.

Despite this new development, this administration is still one of the most lenient when compared to predecessors. President Biden even issued a memo in which he stated that prior use of cannabis wouldn’t automatically disqualify those who applied for such positions.

It isn’t clear which cannabis stocks the Biden administration is talking about because U.S.-based cannabis companies aren’t traded on American exchanges because they aren’t federally legal entities. Instead, American cannabis companies trade on exchanges in Canada, as marijuana is federally legal in the country. Any marijuana companies that are trading on American exchanges are either selling and manufacturing cannabis in a nation where it’s federally legal, such as Canada, or are selling only legal CBD products.

Neither the director of National Intelligence’s office nor the White House are yet to shed light on this language. Some believe that this updated guidance suggests that the Biden Administration is preparing for more normalization of the marijuana business and is working towards ensuring that there are no conflicts of interest if the government starts the process of additional regulation.

Marijuana activists have sometimes referred to the president as “out of date” when it comes to marijuana policy, especially since almost 70% of Americans, including more than 80% of Democrats, support the federal legalization of cannabis.

Thus far, the president has been quoted stating that he will make research on medical cannabis easier to carry out and that no individual should be jailed for using cannabis. If these statement turn into concrete actions, the entire cannabis industry, including companies such as American Cannabis Partners, will have an improved environment within which to operate.

NOTE TO INVESTORS: The latest news and updates relating to American Cannabis Partners are available in the company’s newsroom at https://cnw.fm/ACP

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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