A drive pulley for a CVT has a fixed sheave, a fixed sheave shaft fixedly connected to the fixed sheave, a movable sheave, a movable sheave shaft fixedly connected to the movable sheave, a spider and at least one centrifugal actuator. The fixed sheave shaft is disposed at least in part inside the movable sheave shaft. The movable sheave is disposed axially between the spider and the fixed sheave. A biasing member biases the movable sheave axially away from the fixed sheave. A torque transfer assembly is operatively connected to at least one of the fixed sheave and the movable sheave. The torque transfer assembly transfers torque between the fixed sheave and the movable sheave. The biasing member, the at least one centrifugal actuator and the torque transfer assembly are disposed radially outward of the fixed and movable sheave shafts.