Go ahead and make your “NBA player and pot” jokes, but when you read it you’ll see Cuttino Mobley looks like a pretty smart business man.
In part because there’s a lot of money in medical marijuana — even if it’s supposed to just be non-profit collectives — and he is helping bring it to new markets.
The Portland Press Herald was trying to trace back the money to finance several new pot dispensaries in Maine which has $1.6 million in financing, and the roads led back to Mobley.
The collective, according to documents, is comprised of The Farmacy Institute for Wellness of West Hollywood, Calif., and Cuttino Mobley, a former NBA and Maine Central Institute basketball player…
Northeast says the new money will help it open its first dispensary — in Thomaston — “within weeks.” The outfit holds the exclusive licenses to operate four of eight marijuana dispensaries in Maine, including three of the state’s largest markets: Portland, Bangor and Augusta.
Mobley basically cut the check and gets paid back at 8.5 percent interest plus consultation fees, according to other reports. That’s a good investment if you think the business has something people want to buy. And you know they do.
Mobley left the league with a heart condition and while he has talked of making a comeback that seems a long shot. At best. But it looks like he wouldn’t need to do it for the money.
First it was Darryl Dawkins. Then it was Moses Malone.
Two all-time great players who recently died — and at t0o young an age, 58 and 60 respectively — from undiagnosed heart conditions. Even before that, recognizing the issue the NBA players union and the league itself were setting up supplemental health coverage to provide cardiac screening for retired players, something ESPN’s Jackie MacMullan recently broke.
The joint effort between union executive director Michele Roberts and NBA commissioner Adam Silver — at a time when there still may be potentially acrimonious labor negotiations looming for their sides — is intended to ease the health concerns of its retired players.
Roberts said action from the players’ association on providing screening for its retired players is “imminent.”
“I wish I could give you an exact timetable, but we have to make sure all the components are in place,” Roberts told ESPN recently. “I will tell you we hope to have something sooner than later.”
The Cardiologists are affiliated with the NBA already, and some of the money will come from the league, while the union is both pitching in a chunk of cash and is the one organizing this, according to the report.
It’s good to Roberts and Silver working together on this. While you’d like to think this would be the kind of no-brainer move that the league and union would work together on, in the past the relationship didn’t always facilitate this sort of cooperation even on the obvious.
I’d like to think this bodes well for future labor talks, but I’m not willing to completely draw that parallel.
Somebody is in midseason form.
Stephen Curry put up 30 on Portland in a preseason game Thursday night, hitting six threes and getting to the line 15 times over the course of his less than 26 minutes. It was quite a show.
Portland won the game 118-101 behind 25 points from Allen Crabbe and 22 from Damian Lillard. Not a lot of defense in this one but it was fun to watch.