skip to Main Content
NBA stars John Wall, Carmelo Anthony invest in cannabis company LEUNE

National Basketball Association stars John Wall and Carmelo Anthony are new investors in a cannabis company.

The pair helped California-based LEUNE raise roughly $5 million in a round that includes NBA agent Rich Paul, entertainer La La Anthony, music manager Anthony Saleh (clients include Future and Nas) and venture capital firm Casa Verde Capital.

LEUNE said it would use the funds for marketing and expanding its products as it looks to capitalize on more states legalizing marijuana.

“Having their support through this crucial growth stage makes a world of a difference for a brand of our size, and we look forward to building one of the leading names in cannabis together,” said company CEO, Nidhi Lucky Handa. “These funds will be used to help us traverse new horizons — from developing new products to unlocking more geographies.”

LEUNE’s investment comes days after actor Jaleel White made headlines for starting his own cannabis line. White starred as Steve Urkel on the sitcom “Family Matters.” Former NBA star Al Harrington is also prominent in the cannabis space with his company, Viola. Harrington’s firm raised $16 million in October 2019. [Read more at CNBC]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Dug In: Big Island Grown’s Deep Cannabis Roots

Big Island Grown (BIG) is a vertically integrated cannabis company based in Kailua-Kona, Hawaii County, on the Big Island of Hawaii, whose reach now extends to several islands in the…

Unlock the Secrets of Social Media for Cannabis Brands

There are three primary ways that brands can use social media platforms for marketing: organic posts, shared posts, and paid posts. With paid posts still off limits to most businesses…

California’s Cannabis Industry Conundrum and the Road Ahead

By Aaron Pelley, Attorney at Harris Sliwoski Despite continuously surpassing every other state with recreational cannabis in terms of total retail sales, California’s cannabis industry has faced continuous and far-reaching…

The High Rate of Dependence Among Medical Cannabis Users

The difference between medicinal and recreational marijuana has always been arbitrary. For example, after legalizing recreational cannabis, California initially required each cultivated seedling to be designated by growers as either…

More Categories

Back To Top
×Close search
Search