If You Buy CURLF or CGC Stock, Are You Now a National Security Threat?

The Biden administration can deny security clearance to weed investors

The Biden administration continues to make decisions to convince the public that their campaign promises related to cannabis were a ruse.

At a time when other countries are appointing different figures to government positions, the Biden-led White House has revealed that individuals interested in working or being contracted for positions during their tenure have no business affiliation with the cannabis industry need to have.

The advice floating around now is that if you plan on working for the federal government now or in the future, you need to think twice, or even succeed, before investing your money in a cannabis business. Many cannabis advocates have failed to grasp the essence of this new policy. They also pointed out that some lawmakers in the federal chambers have invested in cannabis companies in their legal states.

The Biden administration and cannabis

During the campaign, Joe Biden vowed to reform cannabis to some extent, but his actions since taking office have told a different story. Early last year, the White House ended the appointment of staffers who had disclosed their history with cannabis. Now, almost a year later, potential workers and contractors are being warned against investing in cannabis companies.

Politico released the new report. The agency got its hands on the document, which contains new guidelines for the employment of staff and contractors for the federal government. The new rules would more or less push cannabis investors further away from positions that require security clearance within government. People with credible investments could be forced to choose between their cannabis investments and a job with the Biden-led federal government.

In the past, the main criteria has been that applicants must have little or no experience smoking weed, and most importantly, they must be willing not to fall into the habit while employed by the government. This internal executive presentation, released by Politico, shows that the employment status of new applicants could potentially be at risk if they invest small or large amounts in state-licensed cannabis companies.

Ever since cannabis became legal in some states, people have been invited to invest in the various niches of the sector. From farming to manufacturing, processing, retail and even delivery. The document specifically states that any financial affiliation, direct or indirect, may affect an applicant’s eligibility for cannabis businesses. Policymakers stated that an individual’s decision to engage in a federally illegal business exercised questionable judgment. They suggested that such individuals may not be willing to follow rules, laws, and regulations when in government service.

Addressing inconsistent weed-related HR policies

At least 30 states recognize the cannabis industry as a legitimate business that is actively seeking investors. The federal government’s just-formulated guidelines show that the White House is still unwilling to accept that the product has gone mainstream for medical treatments and recreational use in legal states.

Although the Biden-led White House appears to be more lenient compared to previous administrations. A few weeks into his tenure, Joe Biden announced that past cannabis use would not be used to disqualify applicants. The last time a government was so lenient was during the administration of President Ronald Reagan. However, the current government is shifting from its lenient stance.

Several House Democrats and delegates have waved for the White House to change its position.

After last year’s layoffs, letters were written to the White House to recall the staff. Democrats expressed surprise at the suspension and termination of appointments of employees who chose to be honest about their cannabis use history. Lawmakers asked the White House to clarify its employment policies. They called for prior cannabis use to be removed as a potential disqualifier, and called for all weed-related staff policies to remain consistent and fair.

President Joe Biden has long been opposed to the decriminalization of cannabis. Although records show that his time in chambers was used to facilitate harsh penalties against cannabis use, a majority of Democratic politicians, including Vice President Kamala Harris, now support legalizing the drug.

Many find it hypocritical that the White House still maintains this stance on cannabis, even though key seatholders in the administration have admitted using the drug. Kamala Harris and Pete Buttigieg once revealed their history of cannabis use in the past. All of this was pointed out in the letter sent to the White House last year. The letter states that all employees at all levels of management must be treated with the same standards. It is wrong that only low-ranking employees are penalized for past cannabis use. If the federal government chooses to maintain this position, no personnel should be above the law.

Cannabis use and investments in the United States

In a recent survey, at least 52% of the adult population has used cannabis at some point in their lives. And more than 60% of the adult population supports the decriminalization and removal of cannabis from controlled drug lists.

As more cannabis benefits come to light, these numbers will no doubt increase. Now that the demand for cannabis is increasing, more and more states are looking for new investors in their adult and medicinal cannabis sectors. The revenues from these markets amount to billions of dollars.

Last year, a poll of cannabis industry operators showed that the majority did not believe reform could come from the Biden administration. About 62.5% said they are confident that the current government has no plans to change its opposition to cannabis decriminalization. 40% predicted that it could take up to five years before federal legalization could be approved.

bottom line

The unequal application of punitive and harsh cannabis laws has become more evident in this government. The presidency’s reluctance to pass cannabis reform will result in even more erratic politics. To be on the safe side, applicants interested in working with or for the current administration should focus on staying away from cannabis stocks and companies in the meantime. If the Politico report is correct, we can expect the Democratic majority to send a new letter to the government opposing it.

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