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Benzinga
Benzinga
Business
Maureen Meehan

NY Gov. Hochul Appoints NBA Hall Of Famer Chris Webber's Minority-Led Investment Team To Manage $200M Cannabis Social Equity Fund

Chris Webber NBA Kathy Hochul New York Office of Cannabis Management

Governor Kathy Hochul announced the next steps toward advancing social equity in New York's growing soon-to-boom cannabis industry. The governor's announcement includes the selection of Social Equity Impact Ventures, LLC, a premier minority-led investment team, to sponsor and manage the $200 million New York Social Equity Cannabis Investment Fund.

Impact Ventures, a joint venture between an entity led by NBA Hall of Famer and entrepreneur Chris Webber, who is currently an active partner in a fund for cannabis-related ventures and noted entrepreneur Lavetta Willis.

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