If President Biden feels this way, why does he happily accept campaign donations from individuals in the cannabis industry? By Maureen Meehan In response to new guidance from the Biden Administration’s Director of National Intelligence, Avril Haines, which states that security clearances may be denied to individuals who invest in legal cannabis securities, U.S. Cannabis Council CEO Steven Hawkins issued the following statement: “I am deeply disappointed by the Biden Administration’s further stigmatization of America’s rapidly-growing cannabis industry. The new guidance represents a de facto ban on legal cannabis investments for the nearly three million Americans with active security clearances, not to mention hundreds of thousands of current and prospective applicants.” RELATED: Biden Administration Advises Applicants Not To Invest In Cannabis Companies, Is Federal Legalization Behind This? Booming Market Creating Much-Needed Jobs And Revenue “The US legal cannabis market surpassed $25 billion last year and is a job-creation engine, now supporting roughly 430,000 American jobs. Medical cannabis is legal in 37 states plus DC, and 18 states have legalized adult use of cannabis. What’s more, an overwhelming majority of Americans now support legalizing and regulating the adult use of cannabis, and support for medical cannabis has reached 91%.
Benzinga Staff Writer, The Fresh Toast, 03/07/2022 10:00:00