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Chris Webber Is Helping People Of Color Get Into The Cannabis Business
“Minorities have been excessively punished and incarcerated for cannabis while others profited,” the former NBA star said.
Published February 22nd
Former NBA player Chris Webber is looking to help people of color get into the cannabis business, which is booming since many states have legalized marijuana.
In an interview with TMZ, the 47-year-old sports icon revealed he partnered with JW Asset Management to launch “a $100 million private equity fund specifically to help minority entrepreneurs succeed in the marijuana industry.”
One of the barriers to launching a cannabis business is a $60,000 deposit to apply for a license to open a dispensary.