News – AU – Chris Webber launches cannabis fund to invest in black and POC entrepreneurs

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The five-time NBA all-star and founder of Webber Wellness has teamed up with Jason Wild and JW Asset Management to create a $ 100 million private equity cannabis fund that invests in Black and POC entrepreneurs

“As our country nears federal legalization, I feel it is more important than ever to empower the next generation of cannabis leaders in tangible ways,” said Webber in a statement. “I am delighted to be working with Jason He is a visionary in the industry and knows how urgent it is to support minority company executives in this area””

Webber Wellness and JW offer underrepresented entrepreneurs access to a range of business resources including research and development, cultivation, retail licensing, distribution, branding and marketing. As the cannabis industry continues to grow, there are differences between white and black and POC cannabis entrepreneurs

“It is critical that we diversify leadership within the cannabis industry and create a level playing field for people from our communities,” said Webber. “For too long, minorities have been excessively punished and incarcerated for cannabis while others have benefited in collaboration with JW we will provide underrepresented entrepreneurs with the financial resources and industry knowledge to build businesses and thrive ”

Chris Webber appeared on Complex Sports Podcast Tuesday to discuss his work in the cannabis industry, the difficulties broadcasting in this unprecedented time, and much more

Chris Webber, Sacramento Kings, De’Aaron Fox, Cannabis, NBA, Entrepreneurs

News – AU – Chris Webber launches cannabis fund to invest in black and POC entrepreneurs

Source: https://www.complex.com/sports/chris-webber-launch-cannabis-fund-invests-black-poc-entrepreneurs