Niagara Falls, ON

Join us in spectacluar Niagara Falls, ON for 3 days of cannabis cultivation, psychedelics and extraction.

September 12-14, 2022

Grow Up Awards Gala

Annual Grow Up Industry Awards. Come celebrate the innovation and sucess in the cannabis growing industry.

September 12, 2022, Niagara Falls

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

Jun 21, 2022 | Media Partners, The GrowthOp

This post is presented by our media partner The Growth Op
View the original article here.

For those in roles within the federal government, it is also important to remember that one’s finances can be evaluated at any time.

Article content

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

Advertisement 2

Story continues below

Article content

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.

  1. MLB Bans Players From Selling Or Investing In Marijuana

  2. FILE - Shaquille O'Neal attends the 2019 NBA Awards presented by Kia on TNT at Barker Hangar on June 24, 2019 in Santa Monica, California. PHOTO BY JOE SCARNICI/GETTY IMAGES FOR TURNER SPORTS

    Shaquille O’Neal suing cannabis company over allegedly squandered $125K investment

  3. FILE: Jay-Z performs in concert on the first day of week two of the Austin City Limits Music Festival at Zilker Park on Oct. 13, 2017 in Austin, Tex. /

    Jay-Z steps into even bigger cannabis footprint with US$11.5M acquisition of West Hollywood dispensary

Advertisement 3

Story continues below

Article content

This “clarification” has some people wondering how broad this policy is, and whether or not mutual funds set aside to secure one’s future may actually be putting security clearance and jobs in jeopardy.

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. But what does that really mean?

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.

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.

Advertisement 4

Story continues below

Article content

With regards to owning a mutual fund that happens to invest in marijuana stocks, the site states that “unless you’re personally selecting those stocks, clearance-holders likely don’t need to be concerned.”

A good rule of thumb is that as long as a person is not a willing and active participant in the purchase of these stocks, one should be safe. Still, it is important to remember that it all comes down to how things appear.

If a person works for the government or possesses a particular security clearance for the job, it is not uncommon to be required to release information about finances and investments. So, while marijuana remains illegal on a federal level in the U.S., it is imperative that a person’s investments look squeaky clean.

Advertisement 5

Story continues below

Article content

As the popular federal government information resource site FEDweek states, “Be careful to avoid any federally illegal investments. Think about how your investments would look if they were being evaluated by someone who doesn’t know you.”

These policies have even come into play in the White House. According to an internal executive branch presentation obtained by 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.”

The presentation went on to say that these willing investments in cannabis could show “questionable judgment” and “an unwillingness to comply with laws.” This demonstrates that currently getting caught investing in cannabis could very much be deemed guilty by association.

Advertisement 6

Story continues below

Article content

For those in roles within the U.S. federal government, it is also important to remember that one’s finances can be evaluated at any time. In other words, these financial background checks do not simply happen when a person accepts a position or obtains a new role.

According to, “Clearances now undergo continuous evaluation, so your ownership of such stocks may pop up and raise a big, red flag at any time.” The article goes further, to suggest that because ownership of cannabis stock is seen as a violation of policy as a member of the military, a person could lose his or her clearance, and even the job, a decision to which there would be no recourse.

Even as more U.S. states have legalized marijuana, the current prohibition on cannabis still casts a long shadow on many policies. There is some evidence that the strict federal stance on marijuana may loosen in the not-too-distant future. But as of now, investing in cannabis is off limits for many employees in the U.S.

The, a U.S. lifestyle site that contributes lifestyle content and, with their partnership with 600,000 physicians via Skipta, medical marijuana information to The GrowthOp.

Subscribe to  Weekend Dispensary, a new weekly newsletter from The GrowthOp.

Advertisement 1

Story continues below


Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

This post was originally published by our media partner here.


O’Cannabiz – June 1-3, 2022
International Convention Centre, Toronto ON

Grow Up – June 20-22, 2022
Victoria Convention Centre, Victoria ON

Grow Up – September 12-14, 2022
Niagara Falls Convention Centre, ON

News from Grow Up Media partners