Chris Webber is building a $ 50 million cannabis factory in Detroit

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Former NBA star Chris Webber has had a busy year. He was inducted into the Basketball Hall of Fame – after an eight-year wait – and moved to greener pastures after his contract with Turner Sports expired.

One of those willows is literally green: Webber laid the foundation stone for a $ 50 million cannabis factory in Detroit. The 180,000 square meter Players Only Holdings facility will include a pharmacy, consumer lounge and 60,000 square meter cultivation area.

Webber will co-own the facility with Lavetta Willis and have plans to expand the facility to 80,000 feet. Construction of the facility is expected to be completed in March 2022.

Maddie Meyer / Getty Images

Players Only will also serve as a training ground for those in the cannabis industry (or interested in learning more), providing training in cannabis growing, branding, real estate, and creative content and management.

This isn’t Webber’s first foray into the cannabis space. Earlier this year, he launched a $ 100 million private equity fund with JW Asset Management. The aim of the fund is to invest in underserved communities and entrepreneurs across the cannabis industry.

In addition, Webber launched Cookies Campus, a two-and-a-half month comprehensive cannabis education program in California where the cost is paid for. Cookies U will now also open a store in Detroit through Players Only.

Webber cited the war on drugs and the extreme lack of minority representation in the cannabis industry as the main reason for opening Players Only. He plans to get hundreds of people into jobs and help Detroit catch up on licenses for everyone.

He even consulted with former Detroit Pistons legend Isiah Thomas before launching Players Only. Thomas has been a cannabis producer since his retirement and invested $ 3 million in his listed hemp and cannabis company One World Pharma earlier this year.

Players Only may not open until next spring, but that just gives Webber more time to plan and do big things for the community. And by then he may already be on his next project.

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