About half of JPMorgan, Robinhood employees eat grass while working: survey

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It seems some kind of Wall Street hasn’t been too shy about having a puff or two while at work, whether it’s at home or in the office, over the past three months.

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According to New York Posta new poll conducted by the anonymous workplace message board Blind suggests that cannabis buyers include approximately 44 percent of responding employees from JPMorgan Chase and 50 percent from stock-trading Robinhood app.

In an article posted this month on Blind Blog: Workplace Insights, the company reported the online survey, through its platform, received responses from 2,514 verified professionals in the U.S. and was conducted in Apr. 12 and 13.

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Based on the responses received, the company reported half of Robinhood professionals and a whopping 73 percent at software firm Splunk “recently took cannabis for medical or non -medical purposes.”

The percentage of cannabis use is somewhat lower, though still significant, in other strictly regulated financial services. “One in three professionals surveyed at Bloomberg, Capital One and Goldman Sachs said‘ yes ’when asked about usage in the last three months,” the post stated, while 44 percent of respondents to JPMorgan Chase and 45 percent to mortgage lender Better .com answered the same way.

Some may regard JPMorgan Chase’s numbers as interesting because of the decision to prevent major brokerage clients affiliated with the company from buying certain cannabis-related securities, Veriheal reported in January 2022.

“JP Morgan has introduced a framework designed to comply with U.S. money laundering laws and regulations by restricting certain activity in the securities of U.S. Marijuana Related Businesses,” Veriheal cited the bank’s letter to clients as criticism.

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One in three respondents shined at work

But it’s not just financial types that decide a small pot engaging while working is the thing to do. Blind reported that, overall, 29 percent of the 2,514 U.S. professionals who responded to the poll reported that they used cannabis during work hours whether at home or in the office.

“I spent most of my pandemic on high,” a verified software engineer from online home retailer Wayfair was quoted as saying. The software engineer is probably not alone, with the survey indicating that 28 percent of that company’s employees who responded admitted to recent weed use.

The results of the survey released in December 2021 by researchers from the University of Michigan, detailed cannabis use among programmers. Of the 803 U.S. -based programmers, more than a third of programmers try programming while using cannabis and nearly one in five do so at least once a month, according to Programmer.

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Cannabis is used more often for personal and non-urgent programming tasks, or while brainstorming, and more often used when working remotely, according to survey results. In fact, 52 percent of programmers who use cannabis report that they are more likely to use grass when working from home compared to only five percent who do so when working in the office.

Programmers may be attracted to using grass while working for several reasons, suggests an article on The Fresh Toast. This includes making activities more enjoyable, problem solving and to help overcome anxiety or stress.

Some respondents said that grass helps with job performance

Some of those factors appear to be reflected in the Blind survey response. “I use (cannabis) for recreation to be more focused,” the company quoted a verified MathWorks professional as saying. Technical topics, the man says, are “more enjoyable and insightful in that focus. [It] it helps me think more abstractly. ”

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It may be even more surprising that employees of some tech companies – think Apple, Coinbase and ServiceNow – are among those with very few staff who have puffed on the clock in recent months, Blind poll results show.

“Only 18 percent of Apple workers who participated in the survey said they had smoked in the last three months,” the New York Post reports. “Snap, Twitter, Airbnb, Oracle, PayPal and Coinbase are less than 25 percent.”

Cannabis continues to be illegal federally in the US

Thirty-seven U.S. states, as well as Washington, DC and several unincorporated U.S. territories, have legalized medicinal marijuana and 18 have green-lit adult-use cannabis.

However, cannabis remains illegal at the federal level, classified as a Schedule 1 substance, “meaning that it has a high potential for abuse, there is no currently accepted medical use in treatment in the United States, and a lack of accepted safety for use under medical supervision, ”according to a tip sheet from the U.S. Department of Justice/Drug Enforcement Administration.

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With patchy federal and state policies, as well as individual company policies, sometimes employees are left wondering what is allowed while working. “So many professionals surveyed by Blind seemed unsure when asked,” about their particular company’s policies regarding cannabis use, the company notes.

Survey results released by Blind in 2018 showed that of the 5,112 app users who responded, 39.4 percent reported that they had consumed cannabis in the past six months. At the time, the company reported 49 percent of Lyft employees surveyed reported cannabis use, the same percentage cited by Netflix staff.

Compared to that, Adobe staff, at 23 percent, “showed the lowest amount of employee cannabis consumption.”

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A study published in 2020, involving 281 employees and their direct supervisors, found that cannabis use before and while working was negatively associated with job performance. “At the same time, cannabis use after work was not associated (positively or negatively) with any form of performance as rated by the user’s direct supervisor,” the study authors wrote.

In another study from 2021, the authors looked at the impact of U.S. state recreational marijuana laws on workers ’compensation (WC) benefit receipt.

“We found that WC receipts decreased in response to RML adoption both in terms of propensity to receive benefits and benefit amount,” added that the main driver for these reductions seemed to be “an improvement in capacity. of work, likely due to access to an additional form of pain management therapy. ”

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