New Study Examines How Marijuana Legalization Shapes College Basketball And Football Recruiting
Portfolio Pulse from Joana Scopel
A study from Georgia College & State University and Kennesaw State University found that marijuana legalization correlates with improved college basketball recruiting but a decline in football recruiting. The study, published in the Journal of Sports Economics, used data from 2003 to 2019. It suggests that the NBA's lenient stance on marijuana may influence basketball recruits, while the NFL's stricter policy could deter football recruits. The study also notes the evolving policies of professional leagues, including the NBA's removal of marijuana from its banned substances list and the NFL's relaxed off-season testing. Canopy Growth Corp. (NASDAQ:CGC) is involved in research with the NHL Alumni Association on cannabinoids for post-concussion treatment.
December 21, 2023 | 9:30 pm
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POSITIVE IMPACT
Canopy Growth Corp. (CGC) is mentioned for its partnership with the NHL Alumni Association to study cannabinoids for treating post-concussion disorders. This involvement in research could positively influence the company's image and investor perception.
The mention of CGC's involvement in research with the NHL Alumni Association could be seen as a positive development, reflecting the company's commitment to exploring medical applications of cannabis. This could lead to increased investor interest in the short term, especially as the societal and regulatory views on cannabis continue to evolve.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60