Investing Cannabis Stocks Could be Trouble for Department of Defense Employees
Federal workers in defense and national security positions don’t just have to worry about keeping their urine free of banned substances. According to a recent statement from the Department of Defense, they also have to worry about keeping their investment portfolios free of cannabis stocks. The DoD says that investing in cannabis could lead to the loss of security clearances for service members, defense contractors and DoD civilians workers. Owning stock in a cannabis company can also block someone from gaining a security clearance in the future.
Federal Prohibition Threatens Security Clearances for Defense Dept. Workers Who Invest in Cannabis
The DoD Consolidated Adjudications Facility (DoDCAF) is the sole authority that can grant clearances for Defense Department employees. And their stated legal position is that ownership of cannabis stocks counts as involvement in drug-related activities. As such, investing in marijuana would qualify as a “reportable incident.” The DoD continuously monitors security clearances with an ongoing evaluation process. Reporting investments in cannabis could, therefore, lead to a revocation of security clearances or block attempts to gain one.
In short, the DoD is making a technical point. Since cannabis is illegal at the federal level, any connection to its commerce technically qualifies