Grow Life 420

Despite the sector’s volatile state after a roller coaster 2019, former National Basketball Association forward Al Harrington continues to steer his fellow athletes to invest in cannabis while remaining patient on investment returns.

“What people have to understand is there is not a lot of profit in legal cannabis right now just because of the way its regulated, the tax structures and different things like that,” Harrington said in an interview with CNBC. “But the one thing I tell them from a risk standpoint is – its prohibition.”

“If you’re going to be a part of something that will be around forever, and we’re on the ground floor of pioneering the industry that I firmly believe will be bigger than the liquor industry and potentially bigger than the cigarette industry. And we know how big both those industries are. That’s the risk, but the reward outweighs the risk.”

– Read the entire article at CNBC.

Cannabis aficionados everywhere may finally get their wish as Oreo-maker Mondelez eyes adding CBD-infused snacks to its product line, which includes Chips Ahoy cookies, Cadbury chocolate, Nilla Wafers and Nutter Butter cookies.

“Yes, we’re getting ready, but we obviously want to stay within what is legal and play it the right way,” CEO Dirk Van de Put said Wednesday on CNBC’s “Squawk on the Street. ”

Although he dashed hopes that consumers would get CBD-infused Oreos, saying that the non-psychoactive compound in cannabis might not be a fit for the company’s family brands, the company could add the ingredient to other products or even create new product lines.

– Read the entire article at CNBC News.

At the age of 14, Joshua Haupt woke up in an ambulance. He was supposed to be in school, but he had suffered a seizure at the breakfast table. Later that day, Haupt was diagnosed with epilepsy.

That diagnosis eventually led Haupt down the path to become an entrepreneur in the cannabis industry. Today, Haupt, 32, is worth millions, including a 16 percent stake in Medicine Man Technologies.

Haupt, who lives in Denver, made his fortune after selling a cannabis guidebook company, Pono Publications, and marijuana nutrient line, Success Nutrients. In 2017, he sold both companies to cannabis consulting firm Medicine Man Technologies, for 7 million shares in Medicine Man. Haupt personally owns 4.4 million shares in Medicine Man, according to May 2017 SEC filings, which are currently worth about $9 million. (Medicine Man Technologies is a penny stock that trades on the over-the-counter market, which has less stringent requirements for listing than blue chip indexes and is typically a more volatile market.)

– Read the entire article at CNBC News.