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Chris Webber on entering the cannabis industry: 'It's about access'

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In an interview with Yahoo Sports senior NBA reporter Vincent Goodwill back in February, the Basketball Hall of Famer explains why he decided to help create a $100 million impact fund.

Video Transcript

VINCENT GOODWILL: And now you're moving into the cannabis industry where $100 million impact fund, essentially because African-Americans have been cut out of this business and now you're trying to basically start this fund where we can be in this business. What was the impetus, what's the driving force behind that right now?

CHRIS WEBBER: The first driving force is just, you know, my mother, my whole life, father having discussions about, you know, name one Black-- name one business where Blacks haven't been left out. Now, while you spend a couple days or centuries trying to figure that out, I can name a bunch of businesses that have been on the-- built on the backs of that, whether you talk about the cotton industry. So you get to talk about transportation and then [INAUDIBLE] talk about tech.

This is recent because tech is still booming and it's no one made it front for that. So first and foremost, it's about business and access to individuals who are qualified and given access to the community that was so unfairly targeted by unfair laws, racist laws. And so hopefully as a freedom with that, I've seen through family, friends, my community, families devastated by the plant that can cause so much healing and restoration.

And now that others try to take advantage of it. It's funny-- Not speaking about you, but it's funny that I'm even questioning why I would do it when it's so obvious that in America, this needs to be done. And that's why I hope that we really honor the process, because if we do it right, I think my friends or other business leaders will start to do it in their areas of expertise, because this isn't welfare, we aren't giving anybody anything.

VINCENT GOODWILL: Mm-hmm. Mm-hmm.

CHRIS WEBBER: You know, these are qualified people that just get looked over because of the color of their skin or because of their gender. Period. And so hopefully we can make a change.

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