The National Basketball Association (NBA) recently made a monumental decision that will drastically change how their players interact with marijuana. The NBA has officially signed a contract removing marijuana from its list of banned substances, paving the way for players to use, either medically or recreationally, as well as investing in various cannabis companies if they choose. With this change on the horizon, the future of the NBA is sure to be very different.
1. NBA Paves the Way For a Pot-Friendly League
The National Basketball Association (NBA) is on the cutting edge of drug policy reform. After studying the effects of marijuana on players’ physical and mental health, the League has made the progressive move towards a pot-friendly stance. The NBA is taking a holistic approach to the issue, understanding cannabis and its place in sports culture.
- Players are encouraged to access medical marijuana: With studies showing the efficacy of marijuana as a medication, the NBA is allowing its players to access medical marijuana as a form of treatment for certain conditions.
- Penalties for off-court use have been reduced: Though the NBA remains firm in its stance that marijuana should not be used while playing, its penalties for off-court use have been reduced significantly. Non-medicinal use may still result in a suspension, but the League is becoming more lenient.
- The testing program has been amended: TheNBA continually monitors the drug testing program in order to stay up to date on emerging trends. With the League’s new pot-friendly stance, testing for marijuana has been amended and players now have more leeway to use the drug off-court.
The NBA is setting a positive example for other athletic organizations and showing that marijuana can be used responsibly. By entering the modern age of drug policy reform, the NBA is sending the message that cannabis can play an important role in an athlete’s life.
2. Players Now Allowed to Invest in Cannabis Companies
The cannabis industry is now open to all players, and the news is certainly taking the country by storm. With each state’s legislation continually changing, marijuana stocks have become one of the most attractive investments of the year for many.
Inside of cannabis-related investments, there are a few primary categories. Equity-based investments allow individuals to buy shares of public cannabis-based companies, while debt-based investments or ‘loans’ let investors provide capital to businesses in exchange for yield or returns.
- Investing in cannabis companies often comes with a higher risk, but the potential payoff is much greater.
- Investors can also explore derivatives such as cannabis-based commodities and futures contracts, cannabis mutual funds, ETFs and cannabis-based indexes.
No matter how you choose to invest, it’s important to understand the associated risks and proceed with caution at all times. Keep yourself informed on the latest industry regulations and be sure to check with a licensed financial advisor before making any cannabis investments.
3. Cannabidiol Emerges as Unexpected Culprit in Negotiations
The phenomenon of cannabidiol, or CBD, is gaining significant attention amid negotiations. As the global economy shifts towards tech solutions, CBD is emerging as an unexpected culprit. In its current form, the chemical compound found in the cannabis plant is proving to be a major topic of debate in governments and businesses around the world.
As negotiations take place, CBD’s potential impact is seen as both an opportunity and a threat. On one hand, its medicinal properties and reputation as a wellness supplement have made it a popular choice for treating a variety of illnesses. On the other hand, its illicit usage could potentially pose numerous obstacles for negotiations. These range from the practical to the philosophical, and are leading more to take a more cautious, considerate approach to CBD.
- Pros: Can be beneficial as a medicinal supplement
- Cons: Associated with illicit usage
4. The End of an Era – Marijuana Losest its ‘Banned Substance’ Status
An era has finally come to an end – marijuana, a substance which has been banned for many years, has now been fully decriminalized in many states across the United States. It has taken a long time to reach this point, and many voices have been heard along the way in favor of its decriminalization. But finally it has come to pass.
The decriminalization of marijuana, while undoubtedly being a great step forward, is nonetheless a bittersweet victory. After many decades of prohibition, marijuana is suddenly available to many, but there are still some states that have not taken the step towards decriminalization and further reform is still needed.
- It has taken a long time to reach this point, and many voices have been heard along the way in favor of its decriminalization.
- The decriminalization of marijuana is a great step forward, but there are still many states that have not taken the step towards decriminalization.
- Further reform is needed to ensure that marijuana is fully decriminalized in all states and is available to everyone.
The NBA has long been at the forefront of incorporating progressive policies. Its recent decision to remove marijuana from its banned substances list and allow players to invest in cannabis companies signals a win for the industry, and is sure to pave the way for numerous other professional sports organizations to follow in its footsteps.