Carter has opened up a $10 million investment fund aimed at supporting minority-owned cannabis ventures. The Social Equity Ventures Fund is sponsored by Carter and the Parent Company, the parent company of Left Coast Ventures and CMG Partners. Through this fund, Carter aims to bridge the gap between the profitable, growing field and those that were negatively impacted by the Reagan administration s War on Drugs initiative.
“It’s really unbelievable how that can happen,” Jay-Z told the
“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.”