Al Harrington, the former New York Knicks forward, was in Chicago for the 2020 NBA All-Star Weekend where he continued his support for investing in the cannabis sector.
has already legalized CBD derived from hemp plants and contains no more than 0.3% THC; hence, some form of cannabis is already legal.
is also advising former players to research cannabis. Understanding the proper regulatory environment surrounding cannabis will help fuel investment returns.Cammalleri, who played 15 seasons in the National Hockey League, including three seasons with the New Jersey Devils, sold 72% of his sports nutrition business to Canada-based company Canopy Growth. The company will utilize BioSteel to grow its food and beverage products infused with cannabis.
"Everybody has a buddy who has a cannabis company right now," Cammalleri said. "I think there are going to be a lot of winners and a lot of losers within the sector. So, I would say for an athlete investing, be careful at where you position yourself and what brands you position yourself with."
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