Can federal employees invest in cannabis stocks

Tesla Inc. Employees at the more than 30 federal agencies that require security clearances are similarly caught in the conflicting legal landscape. Volume 7. Recently, some folks have reported getting an email from their commands and employers saying the following:. Worth a look if you’re looking for a low dollar way to invest in real estate. ACB,

1. Understand the types of marijuana products

Global marijuana markets are pardon the pun growing like a weed. With this type of impressive growth, it’s no wonder that many investors are interested in publicly traded cannabis stocks. Here’s all you need to know about ijvest seven-step process for investing in the fast-growing marijuana industry. Also emplooyees to as medical cannabis, medical marijuana currently is broadly legal in 33 U. A prescription from an authorized healthcare provider typically is required for patients to obtain medical marijuana; it’s frequently prescribed for anxiety, depression, pain, and stress. Medical marijuana can be inhaled either by smoking dried can federal employees invest in cannabis stocks, or vaping concentrates.

Are Marijuana Stocks That Widespread?

Tesla TSLA, Federal employees and contractors who simply own stocks in cannabis-related companies could have problems maintaining the security clearance required to do their jobs, experts told MarketWatch. In one case, a Department of Defense employee who listed his marijuana-related investments on a financial disclosure form during an annual security clearance check-up was told to get rid of the shares, said Timothy Maimone, a union officer with American Federation of Government Employees Council Using marijuana — which is illegal under federal law but legal in several states — is definitely a no-no under security clearance guidelines , which prohibit the unlawful use of controlled substances. The memo said that U. Audricia M.

Competitor Conflicts

Tesla TSLA, Federal employees and contractors who simply own stocks in cannabis-related companies could have problems maintaining the security clearance required to do their jobs, experts told MarketWatch. In one case, a Department of Defense employee who listed his marijuana-related investments on a financial disclosure form during an annual security clearance check-up was told to get rid of the shares, said Timothy Maimone, a union officer with American Federation of Government Employees Council Using marijuana — which is illegal under federal law but legal in several states — is definitely a no-no under security clearance guidelineswhich prohibit the unlawful use of controlled substances.

The memo said that U. Audricia M. In other words, there are a number of factors that influence the decision. The questions come as the burgeoning cannabis industry is capturing the interest of investors who see an opportunity to get in on the ground floor of a potentially lucrative market.

Shares in companies like, Aphria Inc. Can federal employees invest in cannabis stocks, TLRY, See also: A guide to pot stocks: What you need to know to invest in cannabis companies. Meanwhile, the clash between state and federal laws has created unique legal questions. Canadian cannabis investors who visit the U. And Elon Musk, whose SpaceX does business with the federal government, has been under scrutiny since smoking marijuana during a podcast last fall, though initial reports that his security clearance was under review were later debunked.

Employees at the more than 30 federal agencies that require security clearances are similarly caught in the conflicting legal landscape. But buying shares in individual cannabis companies is another matter. He represents people seeking clearance for can federal employees invest in cannabis stocks with a range of government agencies, either so they can work as full-time employees at places like the Federal Bureau of Investigation or Drug Enforcement Agency, or as subcontractors.

As ofsome 4. Bill Henderson, a Leesburg, Va. In his view, that prohibition only applies to using, buying, selling, cultivating and trafficking in drugs — not investing in. And the No. Financial issues including delinquent debt, failure to pay taxes, or gambling, said Henderson.

But we tend to motivated by money. Leslie Albrecht is a personal finance reporter based in New York. Follow her on Twitter ReporterLeslie. Economic Calendar Tax Withholding Calculator. Retirement Planner.

Sign Up Log In. By Leslie Albrecht. Comment icon. Text Resize Print icon. By Leslie Albrecht Personal finance reporter. Investment in cannabis companies is booming The questions come as the burgeoning cannabis industry is capturing the interest of investors who see an opportunity to get in on the ground floor of a potentially lucrative market. See also: A guide to pot stocks: What you need to know to invest in cannabis companies Meanwhile, the clash between state and federal laws has created unique legal questions.

An attorney specializing in security clearances tells clients to skip marijuana investments Employees at the more than 30 federal agencies that require security clearances are similarly caught in the conflicting legal landscape. But other financial issues can be a bigger security hurdle Bill Henderson, a Leesburg, Va. Leslie Albrecht. MarketWatch Partner Center.

Most Popular. Advanced Search Submit entry for keyword results. Tesla Inc. Volume Facebook Inc. Aphria Inc. Volume 3. Aurora Cannabis Inc. Canopy Growth Corp. Volume 5. Volume 1. Tilray Inc. Altria Group Inc. Volume 7. Cronos Group Inc. Volume 4.

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You can invest in Cronos Group, which is one of the most popular marijuana stocks, on their platform. You May Also Like. But until then, current laws and restrictions on those holding a security clearance still stand. Volume 5. But instead, they may apply restrictions to their inveat retirement accounts. My Profile News Home Page. This means we should expect to see plenty more marijuana companies going feedral between now and. For the large majority of employees, they will never run can federal employees invest in cannabis stocks an employer that will restrict them from investing in marijuana stocks. Clearances now undergo continuous evaluation, so your ownership of such stocks may pop up and raise a big, red flag at any time. Taliban Kill 10 Afghan Soldiers in Attack on Base There were 18 soldiers in the base at the stoks of the attack providing security for the people of Sangin. Tilray Inc. More Military Headlines. By restricting employees from trading in competitor stocks, employers meployees they can deprive competitors of opportunity, even if by a minuscule. Cronos Group Inc. This means your security clearance may be negatively affected if you own stock in such companies.