The National Basketball Association (NBA) is making history by becoming the first professional sports league to remove marijuana from its list of banned substances and to allow players to invest in marijuana-related businesses. The new deal, which was announced on December 4th, 2020, marks a major shift in the league’s stance on marijuana and could have far-reaching implications for the future of the sport.
Under the terms of the deal, the NBA will no longer test players for THC, the psychoactive component of marijuana. This means that players will no longer face suspensions or fines for testing positive for marijuana. The league will also allow players to invest in companies that are involved in the legal marijuana industry, such as those involved in the production and distribution of cannabis products.
The move by the NBA is part of a larger trend towards the decriminalization of marijuana in the United States. In recent years, several states have legalized marijuana for recreational and/or medical use. The NBA’s decision to allow players to invest in marijuana-related businesses is a sign that the league is recognizing the changing landscape and is taking steps to remain relevant.
The decision to allow players to invest in marijuana-related businesses could have a significant impact on the league’s finances. With the legalization of marijuana in many states, the industry is expected to grow significantly in the coming years. By allowing players to invest in the industry, the NBA could potentially benefit from the increased revenue generated by the industry.
The decision to remove THC drug testing and allow player investment in marijuana-related businesses could also have a positive effect on the health of NBA players. Marijuana has been shown to have a number of medicinal benefits, including pain relief and anti-inflammatory effects. By removing THC drug testing, players will no longer have to worry about facing suspensions or fines for using marijuana for medicinal purposes.
Ultimately, the NBA’s decision to remove THC drug testing and allow player investment in marijuana-related businesses is a major step forward for the league. The move is a sign that the league is recognizing the changing landscape and is taking steps to remain relevant. It is also a sign that the league is taking the health of its players seriously and is looking for ways to improve their wellbeing.