Charlotte’s Web aims for brighter days with strategic shifts

March 22, 2024 · Green Market Report

The CBD maker also extended its partnership with Major League Baseball. Charlotte’s Web (OTC: CWBHF) has been caught in a protracted sales downturn, but management is optimistic that it can still turn the tides for the once stand out CBD maker. The MLB-partnered company reported a 14.8% slide in net revenue in 2023, down to $63.2 million from 2022. Lower sales in both e-commerce and business-to-business (B2B) sectors drove the decline. While the company has been taking “multiple actions to maintain… Read more.

Super Bowl LVIII: Great THC-Infused Game Day Munchies

February 10, 2024 · Cannabis Now

This Sunday’s Super Bowl in Las Vegas—a rematch of football’s biggest game from four years ago, pitting the defending world champion Kansas City Chiefs taking on the San Francisco 49ers—is seemingly headed to be a sure-fire classic.  If they win, the Chiefs, Taylor Swift’s favorite team (her boyfriend, Travis Kelce, is the Chiefs’ All-Pro tight end), would enter into the discussion of greatest NFL dynasties joining the ranks of the Tom Brady-led New England Patriots of yesteryear. Regardless of whether you’re… Read more.

NCAA Division Proposes Removing Cannabis From Banned Substances List

January 18, 2024 · High Times

The National Collegiate Athletic Association (NCAA)—the organization that administers intercollegiate athletics in the U.S.—is making drastic changes to its drug policy for cannabis. Changes were announced at the 2024 NCAA Convention that took place on Jan. 10-13, in Phoenix, Arizona. NCAA Division I proposed ending the practice of drug testing athletes for cannabinoids. The NCAA released a news release on Jan. 10, announcing that Division I is proposing removing cannabis from its drug-testing policy and will be voting on implementing the change… Read more.

NCAA Division I To Vote On Removing Marijuana From Banned Substances List For Student Athletes

January 16, 2024 · Marijuana Moment

A new collegiate athletics proposal would remove marijuana from the list of substances included in drug screenings for National Collegiate Athletic Association (NCAA) championship competitions, with officials set to vote on the matter in June. Proponents say the approach is consistent with designing rules to focus on reducing harm rather than punishing student athletes. The plan would build on a 2022 change that increased the allowable THC threshold for college athletes, aligning NCAA’s rules with those of the World Anti-Doping Agency (WADA). The… Read more.

UFC Removes Cannabis From Banned Substances List

January 3, 2024 · Ganjapreneur

The Ultimate Fighting Championship (UFC) has taken a significant step in sports health and safety by formally removing marijuana from its list of banned substances for athletes, setting a progressive example in the realm of professional sports. The UFC’s decision to exclude cannabis from its prohibited substances is an extension of its earlier reform in 2021, which protected fighters from being penalized for testing positive for THC. The revised anti-doping policy aims to align with the World Anti-Doping Agency’s (WADA) list, yet… Read more.

Sports Medicine Doctors Have ‘Favorable’ Attitudes Toward CBD And Marijuana, Study Finds

December 22, 2023 ·

Sports medicine providers “generally have favorable views toward CBD and cannabis,” and most believe marijuana should be removed from the World Anti-Doping Agency’s (WADA) list of prohibited substances, according to a new survey of 333 doctors published this month. The study also found that most sports medicine physicians who participated support legalizing marijuana for recreational and medical use. That said, there are still “varying views” about cannabis within the field, authors found, and those “appear to be significantly affected by… Read more.

CBoD: Sports Great Jackson’s Promise Nutraceuticals Partners with Massage Heights

October 7, 2023 · CelebStoner

In 2021, former MLB and NFL star Bo Jackson founded the CBD company Promise Nutraceuticals. Their only product is Promise Drops, a 6,000 mg CBD tincture. (It was formerly called Hero Brand.) At the time, Jackson said: "Promise Nutraceuticals is not about numbers on a balance sheet. We are a cause-driven company... dedicated to improving lives and helping others." Two years later Promise has partnered with Texas-based Massage Heights, which has 115 locations nationwide. While Jackson didn't mention Massage Heights in the press… Read more.

NCAA Committee Recommends Removing Cannabis from Banned Substances List

September 26, 2023 · Ganjapreneur

The NCAA Committee on Competitive Safeguards and Medical Aspects of Sports (CMAS) last week recommended removal of cannabis from its list of banned substances for all three divisions, calling instead for a “robust educational strategy.” The organization first announced in June they were considering the reforms.  The committee concluded that removing cannabis from its testing protocols acknowledges the ineffectiveness of existing policy, which includes banning, testing, and penalizing; affirms the role of the NCAA drug-testing program to address only performance-enhancing substances; and… Read more.

NCAA Panel Formally Recommends Removing Marijuana From Banned Substances List For College Athletes

September 24, 2023 ·

A National Collegiate Athletic Association (NCAA) committee is formally recommending that its divisional governing bodies remove marijuana from the list of banned substances list for college athletes. The NCAA Committee on Competitive Safeguards and Medical Aspects of Sports said on Friday that members met this week and decided to advise all three of the association’s governing bodies to introduce and enact legislation to stop testing and punishing players for cannabinoids. This comes three months after the committee first signaled its interest… Read more.

Toking Tailgaters: Cannabis and the NFL

September 14, 2023 · Cannabis Now

In most circles, the NFL is known as the National Football League. In others, well, it’s an acronym for Nice and F*cking Lit. Although the football season is synonymous with fall, Sundays on the couch, chicken wings and beer, there’s an unsung component of the game that doesn’t get the credit it deserves—cannabis. A lot more folks in the realm of sports fanaticism than the mainstream media cares to admit enjoy kicking off the NFL season with weed. Cannabis is now… Read more.

‘Like Snoop Dogg’s living room’: Smell of pot wafts over notorious U.S. Open court

August 31, 2023 · Yahoo!News

It’s become a stink at the U.S. Open: a pungent marijuana smell that wafted over an outer court, clouded the concentration of one of the world’s top players and left the impression there’s no place left to escape the unofficial scent of the city. While the exact source of the smell remained a mystery Tuesday, one thing was clear: Court 17, where eighth-seeded Maria Sakkari complained about an overwhelming whiff of pot during her first-round loss, has become notorious among… Read more.

Busted for a Gram and a Gun: Texas Police Nab Cowboys’ Lineman Sam Williams

August 27, 2023 · CelebStoner

Celebrities don't get arrested for marijuana like they used to. These days celeb weed busts mostly happen in states that have yet to legalize cannabis for adult or medical use. Case in point: Dallas Cowboys' troubled defensive lineman Sam Williams who on August 20 was charged with possession of a controlled substance (cannabis) and the unlawful carrying of a weapon in Frisco, TX. Texas is a fully prohibited state (only CBD is legal). It's unclear how the arrest went down, though it most likely was… Read more.

Perfect to a Tee

August 16, 2023 · Cannabis Now

Historically speaking, the golf course has been a place for men. After all, it’s an easy excuse for leaving a chaotic household or the office for half the day. Not many sports provide four hours of uninterrupted play where one can develop close connections with friends and business colleagues. One of the most mentally challenging games, golf tests one’s ability to think strategically and get out of challenging situations.  Now, more women than ever are picking up the clubs and… Read more.

Kevin Durant says ‘everybody does’ cannabis in NBA

July 27, 2023 · AOL

Basketball star Kevin Durant has said the NBA commissioner could smell cannabis on him as he lobbied to end the league's ban on the drug. "He smelled it when I walked in, so I didn't really have to say much, you know what I'm saying?" Durant said in an interview. The 34-year-old added that the drug is so commonly used in the league "it's like wine at this point". NBA players are no longer prohibited from using cannabis. The league… Read more.

NBA Star Kevin Durant Said Commissioner Smelled Marijuana On Him As He Advocated For Ending THC Testing For Players

July 27, 2023 ·

NBA All-Star Kevin Durant says he personally lobbied the league’s commissioner to get marijuana removed from the banned substances list for players—and during one meeting, he said the official caught a whiff of cannabis on him. At a CNBC and Boardroom “Game Plan” sports business conference on Tuesday, Durant was asked how he managed to “persuade” Commissioner Adam Silver to lift the cannabis ban. He started by noting that “he smelled it when I walked in.” “I didn’t really have… Read more.

Week in Review: NBA, Players Agree to Terms Involving Cannabis

July 9, 2023 ·

In this week’s cannabis news round-up, NBA and the NBPA reach a ground-breaking agreement on cannabis policies; Maryland reports more than $10 million in cannabis sales during the state’s opening weekend of adult use market; New York secures $150 million for cannabis social equity investment fund and the only licensed hemp farm in the British Isles closes after UK government dispute. NBA and Players Union Reach Ground-breaking Agreement on Cannabis Policies This week, the NBA and National Basketball Players Association… Read more.

German cannabis operator signs on as main sponsor of pro soccer team

July 1, 2023 · MJ Biz Daily

German cannabis company Four 20 Pharma has inked a deal to be the main jersey sponsor for Sport-Club Paderborn 07, a professional German soccer club. Sport-Club Paderborn 07 – commonly known as SC Paderborn 07 and based in Paderborn, North Rhine-Westphalia – competes in the German second division, under the Bundesliga. The financial terms of the agreement were not disclosed. The two-year deal commences with the 2023-24 season, which begins Aug. 18. Professional soccer teams typically sell sponsorship opportunities on… Read more.

Is Aaron Rodgers the Face of Psychedelics in America?

June 29, 2023 ·

This week, a psychedelics conference in Denver attracted a diverse gathering of thousands, including podcasters, vendors, startups, and seekers. Javier Hasse of Benzinga was one of the attendees who immersed themselves in a captivating atmosphere, exploring a dimly lit hall adorned with kaleidoscope art. They listened to engaging talks by various speakers, from a former Republican governor to NFL star quarterback Aaron Rodgers. While the Benzinga Psychedelics Conference is the most known and respected psychedelics show in the industry, the MAPS show is a… Read more.

Smoking Pot in College is Now Allowed for Athletes – NCAA May Soon Remove Cannabis from Drug Testing Panels

June 26, 2023 ·

The Committee on Competitive Safeguards and Medical Aspects of Sports (CSMAS) within the National Collegiate Athletics Association (NCAA) has proposed eliminating marijuana from the list of banned substances. The NCAA will seek feedback from its members during the summer and may proceed with actions in the fall based on the received input. The approval of all three governing bodies within the NCAA's divisions is required to implement the policy change. This recent committee action was initiated in response to a… Read more.

NFL Is Putting More Money Into Research On CBD As An Opioid Alternative For Players With Concussions

June 23, 2023 ·

The National Football League (NFL) and its players union announced on Thursday that they are jointly awarding another round of funding to support independent research on the therapeutic benefits of CBD as a pain treatment alternative to opioids for players with concussions. A total of $526,525 is being granted for two studies, including one that will be led by the American Society of Pain and Neuroscience (ASPN) to explore cannabidiol and non-invasive vagal nerve stimulation (nVNS) as alternative treatments for… Read more.

NCAA Considers Removing Cannabis from Drug Testing Protocols

June 21, 2023 ·

The NCAA Committee on Competitive Safeguards and Medical Aspects of Sports (CMAS) last week indicated its support for removing cannabis from the association’s banned drug list and testing protocols. The committee will gather input from the membership this summer, with final action expected in the fall. The issue was referred to the committee by Divisions II and III. The NCAA said the rationale for the change is due, in part, to the “consensus opinion that cannabis is not a performance-enhancing… Read more.

NCAA Panel Recommends Removing Marijuana From Banned Substances List For College Athletes

June 20, 2023 ·

A National Collegiate Athletics Association (NCAA) committee focused on promoting health and wellness for student athletes is proposing to remove marijuana from the organization’s banned substances list. The NCAA’s Committee on Competitive Safeguards and Medical Aspects of Sports (CSMAS) said the association will be soliciting input from members over the summer before potentially taking action in the fall. In order to adopt the policy change, all three of NCAA’s divisional governing bodies will need to approve the proposal—though this most… Read more.

Psychedelics for Athletes Goes Mainstream as ESPN and CNN Plan Documentaries on Shrooms

June 20, 2023 ·

ESPN and CNN are both pushing the envelope on psychedelics, with CNN having a new show, called "The Whole Story", with Anderson Cooper, and ESPN focusing on athletes that are finding hope with the use of psychedelics. While NY Jets quarterback Aaron Rodgers has openly discussed his psychedelic use, most athletes are just trying them now for medicinal purposes. Let's cut the to the ESPN storyline as the show opens! A boxer was overwhelmed by a sense of brokenness. Each morning greeted… Read more.

NCAA committee recommends dropping marijuana from banned drug list for athletes

June 17, 2023 · Yahoo!News

An NCAA panel is calling for the removal of marijuana from the organization's list of banned drugs, suggesting that testing should be limited to performance-enhancing substances. The proposal released Friday from the Committee on Competitive Safeguards and Medical Aspects of Sports would mark a big change for the NCAA, which has been conducting drug tests at championship events since 1986. Committee members recommended halting cannabis tests at such events until a final decision is made, likely this fall. Legislation would still… Read more.

HIGH LIFE I was an NFL legend and Heisman Trophy winner – now I have a VERY different day-to-day job away from the field

May 29, 2023 · The Sun

RICKY Williams used to plow through defenders on the field now he's trying to use his platform to change the narrative around his new career.  The former 1998 Heisman Trophy winner has taken the name to a new level and opened up Highsman, a multi-state cannabis lifestyle brand. Williams attended the University of Texas and was a standout player for the program. He was a two-time All-American, the 1998 Heisman Trophy winner, and finished third in the NCAA Division I records for career… Read more.

NBA Releases Details on New Cannabis Policy

May 11, 2023 ·

The National Basketball Association has confirmed reports that it will permanently end its ban on cannabis, but refuted claims that players would be allowed to promote marijuana brands.  The National Basketball Association (NBA) last week clarified its new cannabis policy for players, confirming earlier reports that the league will no longer test players for THC. But the NBA also refuted leaks about its new collective bargaining with the players union that reported that the league’s athletes would be permitted to… Read more.

The Healer

May 9, 2023 · Cannabis Now

Culture is multifaceted and encompasses many disciplines including the arts, food, sports and pop culture, each with its share of larger-than-life celebrities and thought leaders. When the lives of these personalities intersect with cannabis culture, their experiences can shed light on how the plant can be integrated into the lives of others, giving new insights into the benefits and pleasures of cannabis. Riley Cote, a former National Hockey League player who now teaches yoga and advocates for a naturally healthy… Read more.

A sprouting business: former Saints running back Ricky Williams on how cannabis can help NFL players get thru mental and physical challenges of the game

May 9, 2023 · WGNO

May is Mental Health Awareness month, and former Saint Ricky Williams is weighing in, on how cannabis can help NFL players deal with stress both mental and physical. Williams owns a cannabis business. He spoke with WGNO Sports Monday about his business, Highsman, its success, and his brief three turbulent years with the New Orleans Saints. Williams’ best year with the Saints was 2001, when he rushed for 1.245 yards and and added 60 receptions. He was traded after the… Read more.

NBA clarifies that players cannot promote cannabis, but they can invest

May 6, 2023 · MJ Biz Daily

The National Basketball Association’s new collective bargaining agreement does not allow current players to promote cannabis brands, the league clarified to two media outlets. Reports this week by SFGate and Law360 contradict earlier media coverage indicating that the league’s new labor agreement, ratified April 26, permits current players to endorse cannabis products. Neither the NBA nor the National Basketball Players Association responded to MJBizDaily requests for comment. According to a summary of the collective bargaining agreement (CBA) obtained by Law360, NBA players “will continue to be prohibited from promoting… Read more.

Nevada Sports Regulators Send Proposal To Stop Penalizing Fighters Over Marijuana To The Governor

May 1, 2023 ·

Nevada sports regulators have voted to send a proposed regulatory amendment to the governor that would formally protect athletes from being penalized over using or possessing marijuana in compliance with state law. The Nevada State Athletic Commission (NSAC) met on Tuesday to consider the proposed change, which would codify a policy that was informally instituted in 2021. Members voted to put the cannabis reform through the administrative process to be adopted into its guidance, first sending it to Gov. Joe Lombardo (R).… Read more.

NBA Players Could Be a Source of Capital for Cannabis

April 21, 2023 · Green Market Report

At a time when capital is drying up in the cannabis industry, Cresco Labs (OTC: CRLBF) 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. Roberts, who was executive director of the National Basketball Players Association for eight years, says she always encouraged players to become investors in companies as a… Read more.

Snoop Dogg Applauds NBA For New Marijuana Policy, Saying Players Should Have Opioid Alternative

April 18, 2023 ·

Marijuana icon Snoop Dogg is applauding the National Basketball Association (NBA) over reports that it plans to drop cannabis like it’s hot from the league’s banned substances list for players. The rapper weighed in on the policy change during an appearance on EPSN’s “Stephen A’s World” last week. He said that he supported the reform based on the “medical side of it, the health benefits and how it could actually help ease the opioids and all the pills that they’ve been given… Read more.

The NBA is getting ready to let players invest in and promote cannabis under a new union deal — here are 3 easy ways for investors to take advantage

April 17, 2023 · Yahoo!Finance

The National Basketball Association has given a tentative green light to players who want to invest in and promote cannabis companies. Under a new collective bargaining agreement with the National Basketball Players Association — which is pending ratification by players and team governors — the league is also expected to remove drug-testing requirements for marijuana, according to reports from The Athletic and Stadium. Don't miss 'Hold onto your money': Jeff Bezos says you might want to rethink buying a 'new… Read more.

Chicago Cubs Are First MLB Team to Partner with CBD Brand

April 11, 2023 · Ganjapreneur

Baseball on the field

The Chicago Cubs are expected to be the first Major League Baseball (MLB) team with a CBD sponsor and sell CBD drinks at its stadium, Front Office Sports reports. The Cubs are working with Chicago, Illinois-based MYND Drinks on the partnership, which received the NSF Certified for Sport designation required to work with MLB teams. MLB, in June 2022, approved plans to allow teams to work with CBD brands. In October, the league named Charlotte’s Web the “Official CBD of… Read more.

NBA Players Can Now Smoke Weed Legally – Ending the Worst Kept Sports Secret, Ever.

April 8, 2023 ·

According to a statement released by the National Basketball Players Association (NBPA), the NBA and the NBPA reached a deal over the weekend for the 2023-2024 season. The seven-year collective bargaining agreement specifies that NBA players will no longer be tested or punished for using cannabis. Assuming the contract is approved by both team governors and players, the NBA's drug testing program would no longer include cannabis, with the suspension on cannabis testing continuing for the current season. The Athletic has… Read more.

NBA Drops Cannabis Testing For Players—With Other Major Sports Leagues Like The NFL Follow?

April 3, 2023 · The Dales Report

The NBA will no longer test for cannabis, according to a tentative deal between the league and the National Basketball Players Association. On Saturday, the two sides announced a collective bargaining agreement, which still needs to be ratified. If the agreement is ratified by the players and team governors, the seven-year deal would include a stipulation that cannabis will be removed from the NBA’s drug testing program and players will no longer be penalized for using it, The Athletic reported.  In… Read more.

NBA Won’t Test Players For Marijuana For Third Season In A Row, Report Says

October 26, 2022 · Marijuana Moment

For the third season in a row, the National Basketball Association (NBA) will reportedly not be randomly testing players for marijuana—a policy that insiders expect could become permanent. Players can still be screened for probable cause during the 2022-2023 season, but sports journalist Ben Dowsett said league sources told him random testing for cannabis will continue to be suspended, as it was for the first time in the height of the coronavirus pandemic. NBA Commissioner Adam Silver signaled in late… Read more.

MLB Makes Charlotte’s Web ‘Official CBD of Major League Baseball’

October 13, 2022 · Ganjapreneur

Major League Baseball (MLB) is partnering with Charlotte’s Web Holdings Inc. in an exclusive multi-year deal to make the brand the “Official CBD of Major League Baseball,” CNBC reports. It is the first deal between a CBD company and one of the four major U.S. professional sports leagues.   MLB announced in June it would allow teams to begin selling sponsorships to CBD brands. Previously, only Ultimate Fighting Championship (UFC) and NASCAR allowed CBD sponsorships. Under MLB rules, all products considered for sponsorships must first pass… Read more.