Music mogul JAY-Z is helping out big time. Young Hov has reportedly upped the ante and created a massive fund to help out a very herbal line of Black-owned businesses.
JAY-Z Starts $10M Fund
Hov has started a $10 million fund for Black-owned marijuana companies. He’s giving the money to startups in hopes of increasing participation in the industry.
The rapper and entrepreneur says he is motivated by an imbalance in the marijuana business: People of color, 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 pot. (Wall Street Journal)
JAY-Z Makes Big Moves With MONOGRAM
Chalk up another industry takeover for JAY. The legendary lyricist has his hands in all kinds of business ventures — his latest being a cannabis company called MONOGRAM, which recently made a big announcement. After unveiling the new company a few months ago, Jigga is now showing off MONOGRAM’s first line of products.
“Cannabis has been around for thousands of years, yet it is still an industry whose legacy of skilled craftmanship is often overlooked,” said JAY-Z. “I created MONOGRAM to give cannabis the respect it deserves by showcasing the tremendous hard work, time and care that go into crafting a superior smoke. MONOGRAM products are next level when it comes to quality and consistency and we’re just getting started.”
Faizon Love Says JAY-Z Made Up His Past
From the “Mo Money, Mo Problems” files, JAY-Z was recently pressed about his past thanks to Hollywood actor Faizon Love. The comedy veteran made some serious accusations that Shawn Carter was never the drug dealer he claimed to be before he got into the rap game.
“JAY-Z creates this drug dealing, drug lord, ‘I’ma drug dealer, I’ma drug lord.’ These kids are like, ‘We gotta do it, too.’ Not knowing that this is all made-up s***.”
JAY-Z Drops His Best-Of-2020 Playlist
While the world waits for Hov to respond, he’s busy with other things. He recently released his year-end 2020 playlist on TIDAL, featuring the likes of Drake, Pop Smoke and Nas.
“2020 vision. A playlist by #JAYZ. Link in bio.”