Jay-Z shared his excitement for New Yorkâs legalization of cannabis for recreational adult-use and said it will lead to social equity and social justice.
“The news of cannabis legalization in New York is incredibly exciting. It represents a long overdue opportunity for New Yorkers, for the cannabis industry, and for social equity and social justice. I’ve seen firsthand the harm inflicted for generations against Black and minority communities by the war on drugs right here in New York. Today, I’m proud to see my home state join The Parent Company in paving the way for a thriving and equitable cannabis market.”
TPCO Holding Corp (The Parent Company) sees its FY2020 unaudited revenue surge 76% to US$188M as cannabis sales momentum builds proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
Rapper Jay-Z invests in minority cannabis ventures
Issued on:
21/01/2021 - 19:12 2 min
Washington (AFP)
Superstar rapper Jay-Z has launched a new $10 million cannabis venture to invest in Black-owned firms, in an effort to help a community that historically face more harsh punishment for marijuana use.
Shawn Jay-Z Carter, already a cannabis entrepreneur, will serve as chief visionary officer of The Parent Company (TPCO), which aims to help rectify the wrongs of cannabis prohibition. We are focused on diversifying both the business leadership and workforce of the cannabis, the company said in a recent statement.
The fund launches at a time when US states have legalized marijuana use, and more cannabidiol products have become ubiquitous, sparking an investment frenzy.
Subversive Capital Acquisition Corp. Closes The Largest Cannabis SPAC In History And Announces The Launch Of The Parent Company With Shawn JAY-Z Carter, Roc Nation, Caliva, And Left Coast Ventures
The Parent Company, Formerly Subversive Capital Acquisition Corp., has Completed its Qualifying Transaction and is Now the Largest Vertically Integrated Cannabis Operation in California
Shawn JAY-Z Carter, Chief Visionary Officer of The Parent Company, Leads Brand Strategy and The Parent Company Social Equity Ventures, a Corporate Venture Fund Investing in Black and Minority-owned Cannabis Businesses
The Parent Company is the Most Well-Capitalized Cannabis Company in the U.S. and is Positioned to Consolidate and Reshape the Market in California and Beyond