Super Bowl-winning quarterback and Hall of Famer Joe Montana is hoping to make some high benefits in the legal marijuana industry.
The San Francisco 49ers legend is putting $75 million in “Caliva,” a San Jose-based company.
Montana said he hopes his investment will provide relief to people fighting an opioid addiction.
Many doctors recommend marijuana to treat opioid abuse and as an alternative relief for pain.
Montana is the most recent, and a standout amongst the most conspicuous, proficient competitors to transparently underwrite pot use. Heisman trophy winner and retired NFL running back Ricky Williams and NBA Hall of Famer Bill Walton have been particularly outspoken in their embrace of marijuana. Super Bowl winning quarterback Jim McMahon,professional wrestling star Rob Van Dam and ultramarathon runner Avery Collins also publicly endorse marijuana.
Montana launched the investment firm Liquid 2 Ventures in 2015. Caliva didn’t uncover Montana’s segment of the investment.
Former Yahoo! Inc. CEO Carol Bartz likewise took an interest in the investment and will join the company’s board of directors.
Bartz, 70, said the Caliva investors show the growing mainstream acceptance of marijuana, which can be legally consumed by adults in 10 states and can be used by patients with doctors’ recommendations in 33 states.