Viola is coming to Pennsylvania.
The city of brotherly love will welcome former NBA stars Al Harrington, who is Viola’s CEO, and Allen Iverson on Saturday, Sept. 2 for the launch of their cannabis strain “Iverson ’01.”
The launch event is part of Viola’s introduction to the state market and will be held at Green Thumb Industry’s new Northeast Philadelphia RISE dispensary location.
Al Harrington, a New Jersey native and former NBA player, is launching his premium cannabis brand, Viola, exclusively with RISE Dispensary in New Jersey. The launch will begin on Friday, March 24, at RISE Paterson, and the premium flower will be available at RISE Bloomfield starting the next day. Viola is a leading premium Black-owned cannabis brand, inspired by Harrington's grandmother of the same name, who used cannabis to alleviate the symptoms of glaucoma and diabetes.
During a virtual meeting Thursday night, the board OK-ed an application filed by Village Hoboken, LLC, allowing the proposal to proceed to the next step in the process — Planning Board approval.
At the meeting, only two members of the three-person board were present — Council President Michael Russo and Business Administrator Jason Freeman.
Yilung Huang, the applicant and longtime owner of Pho Nomenon, told the board that the COVID-19 pandemic “really hurt retail businesses” and that he has spent the past two years “struggling mentally and physically.”
Former NBA star Al Harrington’s cannabis brand Viola reported Wednesday the closing of a $13 million equity funding round. The California-based DelMorgan & Co. acted as an exclusive strategic transaction advisor to Viola in connection with the transaction.
This latest round of funding enables Viola to expand into several key new markets, including Pennsylvania, Illinois, New Jersey and Maryland, and to continue conducting strategic marketing initiatives, further positioning the company within the space.
The New Jersey Cannabis Regulatory Commission had touted on Oct. 15 how diverse the businesses being awarded vertically integrated and medical cannabis licenses are.
Except most, if not all, of those minority license winners were white women. In the following days, applicants of color would go on to claim that they had not received accurate points for being “minority” applicants in the scoring and award process.
Al Harrington was one of those Black-owned businesses.
U.S. Senate Majority Leader Chuck Schumer and fellow Senators Cory Booker and Ron Wyden formally announced Monday that they are working together to advance comprehensive marijuana reform legislation.
Schumer talked last week about pushing for legislation that would legalize marijuana federally but allow states the freedom to choose their own direction.
In an interview with former NBA basketball player Al Harrington, Schumer also discussed directing tax revenues to minority communities most affected by the war on drugs.
U.S. Senate Majority Leader Chuck Schumer said he’s putting together a new federal marijuana legalization bill that would allow states freedom to “do whatever they’d like” and put tax revenues into minority communities most harmed by prohibition.
A New York Democrat who filed a marijuana descheduling bill in 2018, Schumer said his latest effort draws from a number of reform bills. He reportedly is working with both Democratic senators and some Republicans.
A trio of former basketball stars are well into their second careers as cannabis entrepreneurs, something the ex-athletes hope will also improve society.
At a Bezinga conference this week, Isaiah Thomas, Al Harrington and John Salley explained how their new roles are not just about making money, but inextricably linked to combating social inequality. The three former players are each at varying stages in developing their own cannabis brands.
Despite the sector’s volatile state after a roller coaster 2019, former National Basketball Association forward Al Harrington continues to steer his fellow athletes to invest in cannabis while remaining patient on investment returns.
“What people have to understand is there is not a lot of profit in legal cannabis right now just because of the way its regulated, the tax structures and different things like that,” Harrington said in an interview with CNBC. “But the one thing I tell them from a risk standpoint is – its prohibition.”
If he gets approval, a former NBA player could be opening a medical marijuana operation in Penns Grove.
Viola Brands, a cannabis company co-founded by former NBA player and Orange native Al Harrington, made a presentation to the Penns Grove Borough Council Tuesday evening, pitching its interest in opening a growing operation in the town. According to the Chicago Sun-Times, another investor in the company is former player J.R. Smith.