$10 Million Seed Fund for Minority-Owned Cannabis Businesses Created By Jay-Z

The rap mogul has his own line of cannabis products, a job as a chief brand strategist with one of the industry’s biggest companies, and a fund to help others realize their cannabis business dreams.

He’s motivated by the small number of people of color who own cannabis businesses, even though they were disproportionately punished during the War on Drugs era.

Striving for more minority-owned businesses is a note Jay Z hits regularly when he makes a move in the cannabis business. Lately, he’s had a lot of opportunities to do just that.


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