Friday, January 22, 2021

Jay-Z Launches $10 Million Fund To Boost Minority-Owned Cannabis Businesses

Jay-Z is setting up a fund to invest in minority-owned cannabis startups in hopes to usher in more Black participation in the cannabis industry.


The Hip Hop mogul, 51, told The Wall Street Journal (WSJ) that he is motivated by an imbalance in the marijuana business. People of colour, who have been disproportionately punished for involvement in the drug where it is illegal, comprise only a small number of those making money from the multibillion-dollar market in legalized cannabis.

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