"NBA's New CBA: Marijuana Removed from Banned List, Players Can Invest in Cannabis Companies"
The NBA and its players union have signed a collective bargaining agreement that removes marijuana from the league's banned substances list and allows players to invest in and promote cannabis brands, with certain restrictions. Players can now have ownership interests in entities that produce or sell CBD products, invest in marijuana companies (with passive ownership of less than 50%), and endorse CBD products from non-marijuana companies. The agreement also establishes penalties for driving under the influence and distribution of marijuana, and treats cannabis use on par with alcohol. This move follows a trend of professional sports leagues reforming their marijuana policies as more states legalize cannabis.