420 with CNW — Congressional Committee Authors Report

New Post Public Reply Private Reply Replies (0) Message Board
NetworkNewsWire
325
420 with CNW — Congressional Committee Authors Report Urging Feds to Rethink Firing Employees Who Use Marijuana

Although federal law still classifies cannabis as a Schedule I controlled substance, more than 30 states have legalized it for either medical or recreational use. This classification has been a constant thorn in the industry’s side, preventing businesses in the cannabis space from accessing crucial banking and financial services. Cannabis consumers have also been caught in the middle, with many of them being penalized by the federal government for actions that are considered legal in their home states.

As such, a powerful Congressional committee has released a report urging federal agencies to reconsider firing employees for using state-legal marijuana. Alongside the report, the annual Financial Services and General Government (“FSGG”) spending bill approved by the House Appropriations Committee also includes a provision that would provide protections for banks that work with state-licensed cannabis businesses.

The committee stated its support for a recent memo sent to federal agencies by the Office of Personnel Management (“OPM”), saying in the report that admission of last cannabis use should not automatically disqualify people from employment. Additionally, a longstanding rider that blocks Washington DC from allowing cannabis sales was conspicuously absent from the spending legislation.

The report, which was attached to the FSGG spending bill, states that the committee supports the updated guidance by the OPM regarding whether past marijuana use affects an individual’s fitness or suitability for a federal position. The report also urged the federal government to reconsider and reevaluate policies that penalize workers for consuming cannabis products when they are legally allowed to do so in their home states. The report concluded that the employment policies should be updated to reflect changes to the laws regarding cannabis usage and how using state-legal cannabis can impact federal employment.

Although the House Appropriations Committee hasn’t made an explicit endorsement for loosening employment restrictions on cannabis use, it is asking the federal government to stop punishing employees for the inconsistencies between state and federal law. Reevaluating strict policies that penalize employees or applicants who admit to consuming cannabis in legal states to make them more lenient would be the first step.

Employees have been the most affected by the differing cannabis policies on the state and federal level, especially those working for federal agencies required to abide by federal law. Just a few months ago, stories emerged about how staffers in the Biden administration who had admitted to past cannabis use were being penalized in some form or other. Although press secretary Jeb Psaki said that no White House staffers had been fired for prior marijuana use, she hasn’t commented on whether they were suspended or placed in remote work programs.

When Congressional committees start voicing their concerns about the contradictions between federal and state marijuana laws, it goes a long way towards helping the cannabis industry, including companies working in the space, such as Hero Technologies Inc. (OTC: HENC), to send a stronger message that some degree of uniformity needs to be established in the way marijuana is regarded across the country.

NOTE TO INVESTORS: The latest news and updates relating to Hero Technologies Inc. (OTC: HENC) are available in the company’s newsroom at https://cnw.fm/HENC

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer



Holloman Energy Corp (HENC) Stock Research Links

HENC Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

HCLTech Achieves Remarkable Growth with Strategic Innovations

Updated Category News Views 167

HCLTech Reports Continued Growth and Strong Financial Performance HCLTech, a renowned global technology company, has once again made headlines with remarkable growth, securing its position as a leader in the technology sector. The latest results illustrate the company’s dynamic approach and ability to navigate the shifting market landscape effectively. Impressive...

Continue Reading
Understanding the P/E Ratio of Amazon.com Inc. for Investors

Updated Category News Views 218

Analyzing the P/E Ratio of Amazon.com Inc. As of now, Amazon.com Inc. (NASDAQ: AMZN) is showing a stock price of $222.42, marking a notable increase of 2.74%. This uptick over the recent month reflects a gain of 0.78%, while over the past year, the stock has appreciated by an impressive 20.42%. For long-term shareholders, this upward trend is a positive signal. However,...

Continue Reading
Matan Companies Employees Transform Lives with Service Trip

Updated Category News Views 154

Matan Companies Employees Embark on a Meaningful Journey A dedicated team of employees from Matan Companies recently returned from a week-long service trip to El Salvador, collaborating with the Building Futures Project. This nonprofit organization focuses on empowering communities in Latin America by providing essential nutrition, education, and housing support. Making a...

Continue Reading
Revman International Teams Up with Tommy Hilfiger for Home Collection

Updated Category News Views 279

Revman International Portfolio Expansion with Tommy Hilfiger Revman International, Inc. has recently announced an exciting development in their expansion efforts by entering into a licensing agreement with Tommy Hilfiger. This collaboration marks a significant step for Revman, as it involves the development, manufacturing, and distribution of a new home accessories line...

Continue Reading
Inspired Entertainment Extends Partnership with Buzz Bingo

Updated Category News Views 102

Inspired Entertainment's Partnership with Buzz Bingo Strengthens Inspired Entertainment, Inc. (NASDAQ: INSE), a key player in the gaming industry, has recently announced an important extension of its collaboration with Buzz Bingo, a major omni-channel bingo operator in the UK. This long-term agreement highlights both companies' dedication to improving the gaming...

Continue Reading