420 with CNW — Could Amazon’s Warming Up to Cannabis Signal a Federal Policy Change?
Jul 1, 2021
Since the emergence of the state-legal cannabis industry, there has been a pointed effort to keep “big business” out of the nascent sector. Most cannabis legislations have prioritized small businesses and equity applicants who were victims of cannabis prohibition in a bid to keep large corporations from coming in and taking over. But these established market players may just be what the industry needs, especially when it comes to federal legalization, and a recent announcement by e-commerce giant Amazon may spark the federal change cannabis players have been anxiously waiting for.
At the start of the month, the American-based retailer made a twofold announcement: it would stop testing its employees for cannabis use, and more importantly, its public policy support team would throw its support behind the Marijuana Opportunity Reinvestment and Expungement (“MORE”) Act. While halting marijuana drug tests will go a long way…
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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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