On June 8th, a commission formed between the NFL and the league’s players’ union plans to award up to $1 million in grants for researchers to investigate the therapeutic potential of marijuana, CBD, and other alternatives to opioids for treating pain.
The cannabis industry has long looked to major league sports as a hallmark for revenue comparison. At the end of the day, major league sports are mainstream businesses. On average, the NFL generates $15-$18 billion annually. The cannabis industry in the United States alone has far surpassed that benchmark.
What the NFL says about cannabis matters. The NFL’s awarding of $1 million in research grants to investigate the therapeutic potential of cannabinoids echoes Amazon’s recent announcement nudging the federal government to get its act together.
– Read the entire article at Forbes.