The league explained to two media outlets that the NBA’s new collective bargaining agreement does not allow current players to promote cannabis brands.
This week’s reports by SFGate and Law360 contradict previous media coverage indicating that the league’s new employment agreement, ratified on April 26, Existing players are allowed It certifies hemp products.
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Neither the NBA nor the National Basketball Players Association responded MJBizDaily Comment requests.
according to Summary of the collective bargaining agreement (CBA) obtained by Law360, NBA players “will continue to be banned from promoting marijuana businesses.”
However, they are allowed to “own a negative, non-controlling interest in a company that manufactures products containing marijuana.”
Under the new seven-year business agreement, players are allowed to promote and invest in companies that contain CBD.
The CBA removes marijuana from the league’s list of banned substances.
Celebrities of all stripes keep going
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