It’s difficult for every dominant player to have the same success on and off the court. But Magic Johnson is one of the few that has proven that anything is possible. His business moves are just as noteworthy as his skills on the basketball court. His investment company, ‘Magic Johnson Enterprises’, has recently pushed him over the billionaire status.

Along the way, the 5x champion has invested in various businesses, with cannabis being one of them. Although Magic’s personal life has always stayed out of his business moves, Johnson recently shared his stance on this enterprise.

Did Magic Johnson use recreational cannabis?

In a recent episode of Jimmy Kimmel Live, Magic Johnson was one of the special guests in the long list of episodes from the talk show host. During their conversation, Kimmel brought out a product from the medical industry, which used his name for its branding. It was a new strain of cannabis sold by the company gLeaf named ‘Magic Johnson’. Kimmel asked the Los Angeles Lakers legend if he knew this product existed with his name. Magic confessed that he did not, playfully remarking that he would soon profit from it.

Kimmel explained that the product gives the consumer a ‘giddy euphoria’ according to the description. He compared that to how Magic plays basketball. Johnson agreed that it might be true but then said, “I never got high“.

It led to Kimmel asking if there was a policy for using this at his company, ‘Magic Johnson Enterprises’. To this, Magic jokingly said, “I don’t know, and I don’t wanna know. Whatever you do that I don’t know, that’s on you“. Having made his own investment in CBD, Magic Johnson is not a stranger to this business.

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Magic Johnson’s investment in the cannabis business

In 2020, Magic Johnson became an investor in ‘Uncle Bud’s Hemp & CBD’. It was one of his investments that helped him get to the billionaire mark. He is fully invested in the product and hopes to elevate and promote the products.

He wants to support the company to promote affordable products to consumers evenly. Magic understood the potential of the CBD business based on how it was booming. Following the fact that they made all the products in the USA, Magic felt like it was the right opportunity for him to get into it. Uncle Bud’s products do not contain THC, the primary psychoactive ingredient that makes the consumer feel ‘high’ as Magic wanted to play no part in it.

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What do you think of Magic Johnson’s investment? Let us know in the comments!