A groundbreaking bargaining agreement between the National Basketball Association and its players association would allow players to invest in and promote cannabis companies.
The tentative deal – which must be ratified by the union and team governors – would also allow players to consume marijuana given that it would be removed from the league’s drug testing program, according to The Athletic sports media site.
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The National Basketball Players Association confirmed that a tentative collective bargaining agreement had been reached.
“Specific details will be made available once a term sheet is finalized,” the group said in a statement.
The proposed labor agreement also would allow players to invest in NBA and WNBA teams, The Athletic reported.
The tentative agreement would provide a major endorsement for the cannabis industry and would open up a new source of funds for marijuana companies, which have been struggling in the face of
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