Jay-Z Creates $10M Fund to Invest in Minority-Owned Cannabis Companies

According to the Wall Street Journal, Jay-Z is launching a $10 million fund to invest in minority-owned cannabis businesses. Hov told the WSJ that his latest venture is a step toward rectifying the War on Drugs’ ill-effects and the disproportionate impact on black and brown communities. “It’s really unbelievable how that can happen,” said Jay. “We were the ones most negatively affected by the war on drugs, and America has turned around and created a business from it that’s worth billions.” The WSJ reports that Hov’s $10 million investment is…

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