Legendary NFL quarterback Joe Montana is looking to make a profit from the green of another kind as part of a multimillion-dollar investment in the legal pot industry.
Montana is the founder of a venture capital firm which is now putting money into California-based group Caliva, a big player in the state’s legal marijuana market.
The Hall of Famer’s firm took part in a $75 million fundraising push for the company, it was announced on Thursday.
Joe Montana has invested in @gocaliva, a California-based cannabis dispensary, grow facility & delivery service. Dispensary offers flowers, vape, edibles and THC infused beverages. pic.twitter.com/IHvHbYSoae
— Darren Rovell (@darrenrovell) January 24, 2019
The size of Montana’s investment hasn’t been disclosed, but he said he believes the industry “can provide relief to many people and can make a serious impact on opioid use or addiction,”AP reported.
San Jose company Caliva operates a cultivation facility and retail store, as well as a delivery service in the Bay Arena, according to Bloomberg.
Montana participated in a $4.1 million investment in weed-related news and entertainment company Herb back in 2017.
Montana retired after the 1994 season as a four-time Super Bowl champion, but he hasn’t personally disclosed if he uses marijuana.
I’m leaning toward….maybe.
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