Ex-NBA star Chris Webber is bringing more weed business to his hometown -- by opening a $50 million cannabis facility in Detroit.
Of course, Webber is already in the weed industry -- he launched a $100 million equity fund with JW Asset Management to help minority entrepreneurs in the cannabis industry earlier this year.
Now, he's taking it one step further and building Players Only Holdings -- a 180,000 square foot facility featuring a 60,000 square foot cultivation, a dispensary and a cannabis consumption lounge.
The $50 million dollar location -- that will be owned by Webber and Lavetta Willis -- will also be a training spot that will focus on cannabis cultivation, creative content and management, branding and real estate.
The awesome compound just broke ground on Tuesday and is expected to be finished in March 2022 ... with plans of expanding the cultivation by 80,000 square feet later on.
Webber's also expanding Cookies Campus -- his cannabis training program in California -- to the Motor City ... and the 5-time NBA All-Star is excited to bring this opportunity to his hometown.
"We will create, foster and provide a cannabis ecosystem that celebrates diversity, creates jobs, and benefits this community – focusing intensely on those who are being left behind," Webber said.
"As social equity programs struggle in many states, we are here to support legacy operators who created the foundation for this industry so that they are included in future iterations of it while we wait on the politics to catch up."