Uncle Sam Considers Ending Cannabis Testing for Military Recruits Amidst Growing Legalization Efforts

Tuesday, 14 May 2024, 19:56

Marijuana stocks rallied as House Armed Services Subcommittee proposes ban on marijuana testing of military recruits, signaling potential growth in sales. Despite positive market response, the full implementation remains uncertain. This move could have a limited impact on marijuana sales and usage, with investors cautiously optimistic.
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Uncle Sam Considers Ending Cannabis Testing for Military Recruits Amidst Growing Legalization Efforts

Uncle Sam to end cannabis testing?

As Marijuana Moment reported, the subcommittee is drafting language for Congress' 2025 National Defense Authorization Act (NDAA), which would make this ban on marijuana testing federal law. If passed, it would represent yet another step in a whole series of steps approaching full-scale legalization of marijuana at the federal level.

What it might mean for marijuana stocks

But what if the language does make it into law? Banning marijuana testing of military recruits could help ease the military's well-known problems hitting recruitment goals, at the same time as it removes an obstacle to wider marijuana use -- presumably boosting marijuana sales and use. That being said, the overall effect on marijuana sales would probably be negligible.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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