• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

NASCAR Says No to Marijuana-Related Car Sponsor

May 13, 2017


Recently, the world of weed has been butting heads with professional sports. Recently, on ESPN's Mike & Mike, NFL Commissioner Roger Goodell said the following statements regarding marijuana: 


"Is it something that can be negative to the health of our players? Listen, you’re ingesting smoke, so that’s not usually a very positive thing that people would say. It does have addictive nature. There are a lot of compounds in marijuana that may not be healthy for the players long-term."



From the NFL to NASCAR now, the sports world seems to have a problem with pot.


Your Weed Money is No Good Here


On Friday, NASCAR denied a proposed marijuana-related car sponsor for driver Carl Long, according to Yahoo Sports. The cannabis company in question was Veedverks. Veedverks' oil-pen products are currently sold in Colorado, California, and Florida and the company insists on its homepage that "these are not flavors - these are experiences." The three experiences that Veedverks lists on their website are Sativa, Indica and Hybrid


Rules, Rules, Rules


According to the rules governing the sport, "NASCAR may refuse to permit a Competitor to participate in an Event if NASCAR determines that any advertising, sponsorship, or similar agreement to which the Competitor is or will be a party, is detrimental to the sport, to NASCAR, Series Sponsor, or to the Promoter for any reason, including without limitation, the public image of the sport."


Times are Changing


This shows us a few different things. First, this shows us that NASCAR may believe that cannabis-related sponsors are "detrimental." Secondly this shows us just how much money is floating around the cannabis industry. For years, NASCAR has had cars sponsored by major brands like M&Ms, FedEx and more. To now see cannabis companies stepping up to the plate to drop thousands of dollars for exposure is a sign of how big the industry is getting. 




It's not crazy to imagine the larger cannabis companies sponsoring a car in the future, as these companies seek out non-traditional methods of advertising. Unfortunately for now, NASCAR says no to sponsorship from cannabis companies. To stay up to day on important cannabis news, be sure to subscribe to one or more of our free newsletters. Also be sure to check us out on Facebook, Twitter, and Instagram so you never miss an update!



Read more articles tagged:

Please reload

Please reload

Please reload


© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.