News – High Times
NBA Hall of Famer and entrepreneur Chris Webber on Tuesday broke ground on Players Only Holdings, a $50 million cannabis production and training facility in Detroit’s Corktown neighborhood. Once completed, the new facility sitting on nine acres near the Detroit River is expected to create hundreds of jobs over the next three years.
Co-founded by Webber with fellow entrepreneur Lavetta Willis, Players Only is a Black-owned business focused on cannabis cultivation, real estate development, brand partnerships and creative content development and management. The 180,000 square foot Players Only facility, dubbed the Webber Wellness Compound, will include a 60,000-square-foot cannabis cultivation operation, an 8,000-square-foot cannabis dispensary and a private consumption lounge.
At Tuesday’s groundbreaking ceremony, Webber announced the creation of a distribution partnership for Players Only branded products with Gage Growth Corp., a leading, Michigan-licensed cannabis operator headed by CEO Fabian Monaco.
“This will be the shining jewel of Michigan. Everything great in Michigan starts in Detroit, and I am excited to collaborate with Gage to bring our premium line of Players Only products to this community,” former Detroit Piston star Webber said in a statement from Players Only. “Gage is the HOF of cannabis operations. With Fabian Monaco as a teammate, this relationship is a winner on every level.”
Courtesy of Players Only Holdings
Cookies U Comes To Michigan
Webber also took the opportunity to reveal the Detroit expansion of cannabis training program Cookies U, founded by rapper and cannabis mogul Berner in partnership with The WebberWildWillis Foundation, a nonprofit organization focused on uplifting and enriching Black and Brown communities negatively impacted by the War on Drugs. In a statement, Berner characterized the state of Michigan as “one of the most important markets in the cannabis industry.”
“Detroit is the first city we opened a flagship store in, outside of California. I have to salute Chris Webber, Jason Wild and Lavetta Willis for supporting our vision to build out Cookies U in Humboldt California and extending the program to Detroit, which happens to be Chris’s hometown,” said Berner, co-founder and CEO of Cookies. “Michigan has always been an advanced and educated market, and we couldn’t be more excited to offer underrepresented people an opportunity to learn the industry from seed to sale.”
Cookies U is a hands-on, fee-free training program that will recruit students from underserved communities and prepare them for jobs in the cannabis industry, including access to a GED program with a financial literacy component. In addition to the educational curriculum, a job-placement program will help graduates find employment in Michigan’s booming legal cannabis market.
“This Detroit training and operations facility is only the first step in bringing tangible opportunities to the people of this city—one that means so much to me—while eliminating barriers to an industry with unlimited economic potential,” Webber said.
“We will create, foster and provide a cannabis ecosystem that celebrates diversity, creates jobs and benefits this community—focusing intensely on those who are being left behind. As social equity programs struggle in many states, we are here to support legacy operators who created the foundation for this industry so that they are included in future iterations of it while we wait on the politics to catch up.”
Construction on the first phase of the Webber Wellness Compound is expected to begin this fall, with work slated to wrap up by March 2022. A $125 million second phase, which as of yet has no announced timeline, will expand the cultivation area by 80,000 square feet.
“This is my biggest priority in life,” Webber said. “I’ve seen who (Willis) and I have helped across the country and the lives that have been disrupted by cannabis. Hopefully, we can do a little bit of repairing. Hopefully, we can help the city.”
The post NBA Icon Chris Webber Unveils Detroit Cannabis Facility appeared first on High Times.
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