Chris Webber has been in the cannabis industry for four years, and now he’s hoping to help other Black and minority entrepreneurs join him.
Earlier this month, Webber, a former No. 1 pick and five-time All-Star, announced a partnership with Jason Wild and his company, JW Asset Management, to create a $100 million private equity fund for minorities seeking a career in the legal marijuana business.
“I’ve always used cannabis as an alternative to traditional medicines,” Webber told Sports Illustrated last week. “I’ve always tried to learn more, and diving down the rabbit hole, I saw how this industry treats people of color, or women, or people from poor neighborhoods.