JAY-Z lance un fonds de plus 5 milliards pour les cannabis afrik.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afrik.com Daily Mail and Mail on Sunday newspapers.
Author Bio
I love looking at the story behind investments from an interdisciplinary point of view, with an equal appetite for high-growth disruptors and beaten-down value names.
Could this be the year that legal cannabis becomes a reality nationwide? It certainly could be. After the Democrats took the White House and both houses of Congress, many expect some rollback of cannabis prohibition in the new administration.
Once cannabis becomes legal, how will competitors differentiate themselves? State regulations and limited licenses have afforded some early movers a protected position in certain states, but if and when prohibition ends, the competitive fervor may intensify.
According to the WSJ, the billionaire Hip Hop mogul has linked with Roc Nation CEO Desiree Perez to launch a $10 million fund for minority-owned marijuana businesses.