American federal employees with cannabis stocks could risk losing security clearance via TheGrowthOp
American federal employees who have invested in cannabis and cannabis-related companies may encounter issues maintaining their security clearance, according to a new report.One employee of the Department of Defense who listed cannabis-related investments on his financial disclosure form was instructed to ditch the stocks immediately, according to Timothy Maimone of the American Federation of Government Employees Council 170.
A memo posted to Facebook and Reddit allegedly penned by lawyers for the DoD said that officials from the U.S. Air Force had “received numerous inquiries regarding the purchase of marijuana-related stocks,” and that the Pentagon “treats investments in marijuana-related companies as ‘involvement,’ [with illegal drugs] which is prohibited.”
Security regulations also prohibit the consumption of recreational cannabis, which is a Schedule I narcotic under federal law. “While, currently, no official DoD guidance specific to financial involvement in marijuana exists, the Department continues to research the topic,” said DoD spokeswoman Lt. Col. Audricia M. Harris. “Any changes will be addressed through normal policy update procedures,” and noting that there are numerous factors that determine security clearance.
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