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The National Association for the Advancement of Colored People (NAACP) has reaffirmed its support for cannabis reform at the federal level and is calling on cannabis industry regulators to protect employee rights in the sector. During its 114th National Convention in late July, the civil rights organization adopted a resolution renewing its support for federal cannabis legalization.
Although America is home to an incredibly lucrative state-legal cannabis industry that is spread across dozens of states, federal law still classifies marijuana as a Schedule I drug alongside narcotics like heroin and cocaine. While the industry has managed to grow into a global behemoth valued at billions of dollars, marijuana’s federal classification causes a myriad of issues for players in America’s marijuana sector.
These issues include limited access to banking services, capital and federal assistance even though the cannabis industry collectively generated more t han $15 billion in taxes last year alone. Federal prohibition also prevents marijuana businesses from accessing crucial financial services and forces them to operate on a cash-only basis, which significantly increases the risk of experiencing violent robberies.
NAACP also took a position on labor agreements on worker protections in the marijuana sector, stating that most people in the industry will be “workers rather than owners” and that employees throughout the cannabis supply chain have the right to a fair and safe workplace as well as a living wage. The civil rights organization noted that granting marijuana workers access to union representation, apprenticeship and training will ensure a wide pool of workers benefit from the lucrative cannabis industry.
Protecting employee rights in the cannabis sector will be especially beneficial for individuals from communities that were disproportionately affected by marijuana prohibition during the failed drug war. As it stands, the challenges presented by marijuana’s federal status make it much harder for social-equity applicants to survive, much less thrive, in the industry because they often lack the capital and connections needed to be successful in America’s overly bureaucratic cannabis sector.
According to the NAACP’s resolution, the organization supports descheduling cannabis and legalizing it at the federal level. The resolution also reaffirmed the association’s prior resolutions on marijuana, decriminalization, cannabis industries and equity in the sector. Furthermore, the NAACP expressed that it intended to advocate for cannabis measures that make labor peace agreements a condition for receiving licenses.
The civil rights organization adopted the measure without any discussion by members during the session.
The United Foods and Commercial Workers International Union (UFCW) praised the NAACP’s resolution and called it a crucial step toward ensuring legislators and employees understand just how profoundly a worker-friendly marijuana industry would benefit people of color.
If these calls for the federal legalization of marijuana are acted upon, new markets are set to open up for various companies such as Advanced Container Technologies Inc. (OTC: ACTX) as demand for marijuana could explode and those supplying cannabis companies with the products they need will benefit too.
NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX
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