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Why Amazon Cares If Weed Is legal – Amazon (AMZN)



This text was initially revealed on WeedWeek, and seems right here with permission.

Greater than most huge tech firms, Amazon (NASDAQ:AMZN) has taken an energetic curiosity in legalization.

Earlier this yr it got here out in assist of the MORE Act, the progressive invoice which might federally decriminalize, and mentioned it could cease testing most staff for THC.

In a weblog submit this week, SVP, Human Assets, Beth Galetti mentioned the corporate now helps the progressive invoice proposed by Sen. Majority Chief Chuck Schumer (D-N.Y.). She added that the corporate would reinstate employment eligibility for candidates who have been denied jobs or former staff who have been fired after failing drug assessments. 

  • Because the nation’s second largest personal employer, after Wal-Mart, Amazon’s choice on employment coverage is prone to be influential with hiring managers nationwide, at the very least.
  • Amazon can also be lobbying on legalization-related points.
    Insider

That’s a giant win for the normalization of hashish. Nevertheless it doesn’t clarify why Amazon is getting out entrance of this challenge. The plain rationalization, that the corporate desires to sling weed, doesn’t fairly match. So what’s happening?

A letter commenting on Schumer’s invoice, the corporate wrote, “We’ve discovered that eliminating pre-employment testing for hashish permits us to develop our applicant pool and assists us with assembly hiring wants.” These success facilities don’t function themselves. But.

  • It additionally notes, “We’ve avoided commenting on areas the place we don’t have a selected view, together with regulation, allowing, taxation, and interstate commerce.” 
  • Amazon might need to get into the hashish enterprise sooner or later. The cannabiz could be loopy to disregard the tech large. Nevertheless, the $90B in money Amazon reported in hand earlier this yr is sufficient to purchase each vital PotCo a number of occasions over. So it could see little have to become involved within the trivia of legalization.
  • Insider additionally suggests the corporate would possibly additionally need to be in sync with public opinion which constantly favors legalization.

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