As featured on NewsNow: Football news

​MLS on a high as CBD allowed sponsorship opportunities

Major League Soccer (MLS) is set to introduce a new commercial revenue opportunity by opening up CBD (cannabidiol) as an approved sponsorship category, according to Sports Business Journal, reports, www.sportspromedia.com/.

CBD partnerships are not approved by any US major sports property, including MLS, but SBJ reports that it is 'likely' that the North American soccer league's board of governors will approve a change before the end of the 2020 season.

Whether CBD branding would be permitted on kits or prominently in stadia reportedly remains up in the air, as is whether companies which sell THC products - a banned substance - would be able to promote CBD lines via MLS franchises.

MLS has opened up more options both prior to and after the onset of the coronavirus pandemic. Last year, franchises were permitted to market sponsorships in the betting and spirits categories, with the 2020 season also seeing international partnerships opened up.

Video of the day:

Ian Ferris
About the author

Ian Ferris

×

Subscribe and go ad-free

For only $10 a year

  1. Go Ad-Free
  2. Faster site experience
  3. Support great writing
  4. Subscribe now
Launch Offer: 2 months free
×

Subscribe and go ad-free

For only $10 a year

Subscribe now
Launch Offer: 2 months free