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Bullboard - Stock Discussion Forum Cresco Labs Inc CRLBF


Primary Symbol: C.CL

Cresco Labs Inc. is an integrated multi-state cannabis operator in the United States. The Company is licensed to cultivate, manufacture, and sell retail and medical cannabis products primarily through Sunnyside, Cresco Labs’ national dispensary brand, and third-party retail stores. Its family brands include Cresco, High Supply, Good News, Wonder Wellness Co., FloraCal Farms, Remedi and Mindy’s.... see more

CSE:CL - Post Discussion

Cresco Labs Inc > Amazon
View:
Post by retiredcf on Jun 02, 2021 10:25am

Amazon

Given their 800K employees, this should bode well for the sector. GLTA

North American marijuana companies surged on Wednesday after Amazon  confirmed it supports a proposed U.S. legislation to legalize cannabis at the federal level, and said it will drop testing requirements for some of its recruitments.

The e-commerce company’s public policy team will be actively supporting The Marijuana Opportunity Reinvestment and Expungement Act of 2021 (MORE Act), which seeks to legalize marijuana at the federal level, its consumer boss Dave Clark said in a blog post

Amazon will also no longer screen its job applicants for marijuana use for any positions not regulated by the Department of Transportation, Clark added.

While many U.S. states have legalized marijuana use, employers have so far largely refused to work with the industry as cannabis is still a classified substance at the federal level.

“In the past, like many employers, we’ve disqualified people from working at Amazon if they tested positive for marijuana use,” Clark said. “However, given where state laws are moving across the U.S., we’ve changed course.”

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