Why are some U.S. workers banned from investing in cannabis?

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Summary

Those serving in the U.S. military, working for the federal government or in a position that requires specific federal security clearance are currently prohibited from investing in the cannabis industry. According to ClearanceJobs, a network for professionals with federal security clearance, the level of one’s investment and that person’s knowledge of the investment are both major factors. Even with many U.S. states legalizing recreational cannabis, there are still several careers that prohibit buying and using marijuana. Even as more U.S. states have legalized marijuana, the current prohibition on cannabis still casts a long shadow on many policies. The general consensus is that as long as a person is not consciously investing in marijuana (that is, choosing marijuana stocks intentionally), then there will likely be little to worry about.

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Even with many U.S. states legalizing recreational cannabis, there are still several careers that prohibit buying and using marijuana.

After all, the plant is still a Schedule I substance at the federal level. While these policies can, at times, appear to be unfair, they are at least straightforward.

Recently, however, there have been messages and instructions sent by federal organizations, including the Joe Biden administration, suggesting that not only will using marijuana potentially get a person fired, but any financial investments in the cannabis industry may get that individual sacked as well.

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