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Jay-Z joins push to boost minority-owned cannabis business

Jay-Z has launched a fund to invest in minority-owned cannabis start-ups to increase black participation in the industry.

Rappers and entrepreneurs say they are motivated by the imbalances in marijuana business. Colored races, disproportionately punished for their involvement in illegal drugs, are just a few of the people who make money from the multi-billion dollar market. In a legalized pot.

“It’s really incredible how that can happen,” said a Shawn Carter-born musician. “We are the country most adversely affected by the war on drugs, and the United States has turned around, creating billions of valuable businesses.”

In the 25 years since California first legalized medical marijuana, New York investment bank Cowen & Co estimates that cannabis has grown into a $ 20 billion legal business domestically and 70 billion US wines by 2030. It may exceed the dollar market.

Carter, who started the fund with $ 10 million in seed money received as part of the merger, is fair in the cannabis sector as studies show that minorities are punished more than whites for drug use. Participates in the widespread promotion of financial opportunities.

Jay-Z joins push to boost minority-owned cannabis business

Source link Jay-Z joins push to boost minority-owned cannabis business

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