At a time when capital is drying up in the cannabis industry, Cresco Labs board member Michele Roberts says there’s a new potential pool of investors — professional basketball players. The new NBA players union contract specifically allows players to invest in cannabis companies, Roberts said during an interview today at the Cannabis Innovation Lab at 1871.
Marijuana Rumors
Marijuana will no longer be prohibited under the new CBA
Shams Charania: Sources: NBA players will no longer be prohibited for marijuana under the new seven-year Collective Bargaining Agreement. It’s been removed from the anti-drug testing program, a process that began during 2019-20 season.
Six-time NBA all-star and Seattle Sonic legend Shawn Kemp is expanding his cannabis ventures with a new dispensary in Seattle’s SODO neighborhood. The new location gives Kemp a presence on the north and south end of Seattle. The first cannabis store is located in Belltown and brands itself as a welcoming environment for “cannabis connoisseurs and those new to the green scene.”
Kemp’s new dispensary is in a former bank building and offers a wide variety of cannabis products in a Seattle-themed, 3,500-square-foot showroom. A massive mural features Kemp, former Sonic teammate Gary Payton and Bruce Lee next to Jimi Hendrix. “We really went big on this location and I can’t wait for fans to check it out,” says Kemp, who co-owns the dispensary with business partner and General Manager Tran Du. “We’re going to have over 3,000 unique products — best selection in Seattle,” Du said.
Clutch Points: Draymond Green had everything at his wedding, including a blunt rolling station 😎 pic.twitter.com/IG3hH2XLvd
Iman Shumpert arrested for marijuana possession in Texas
NBA player Iman Shumpert was arrested for having a “sizeable” amount of marijuana in his backpack at the Dallas/Fort Worth Airport on Saturday … TMZ Sports has learned.
According to the police report, officers responded to a potential drug violation call around 2:40 PM … after TSA screeners found a plastic bag filled with a “green leafy substance” in Shumpert’s bag, which he admitted was weed. Cops say the substance weighed at 6.12 ounces and tested positive for marijuana using a mobile test.
