Today we cover a headline from MarijuanaMoment: Cannabis Company and Major League Baseball Sign Deal for Charlotte's Web To Be Official CBD Of MLB
Here's the breakdown:
Charlotte's Web Holdings has become the first CBD company to sign a sponsorship deal with Major League Baseball (MLB), becoming the "Official CBD of MLB". The deal includes a rights fee and revenue share in sales of Charlotte's Web's "Sport" cannabis products featuring the MLB logo, as well as a portion of shares in the company, which is publicly traded in Canada. The deal covers the 2020 postseason and three more years and is the result of negotiations between MLB and its players union to approach the league's drug policy with an emphasis on treatment rather than penalties.
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