Some on Twitter seemed excited, I guess because it is 'official'...but I thought this was old (public) news. The NBA stopped testing for marijuana back in 2020 when the league returned to play during COVID. For the industry, I think it is a another babystep toward (societal) normalization...but I don't expect it to amount to much, if anything, in stock movement.
Now, according to Charania, “NBA players will no longer be prohibited for marijuana under the new seven-year Collective Bargaining Agreement.”
“It’s been removed from the anti-drug testing program, a process that began during 2019-20 season,” he reported.
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