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Amazon backs federal bill to legalise marijuana

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Global retail giant Amazon has revealed it supports a proposed federal bill in the U.S. to legalise cannabis

In a blog post the company says it will also drop weed-testing requirements for some employees.

Amazon’s consumer boss, Dave Clark, said the company supports the Marijuana Opportunity Reinvestment and Expungement Act which was reintroduced in the House late last month.

The e-commerce company’s public policy team will be actively supporting The Marijuana Opportunity Reinvestment and Expungement Act of 2021, known as the MORE Act, which seeks to legalise marijuana at the federal level, its consumer boss Dave Clark.

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

While many U.S. states have already 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.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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