News
JAY-Z Creates $10 Million Fund to Boost Minority-Owned Cannabis Companies
According to the Wall Street Journal, Jay-Z is launching a fund to invest in minority-owned cannabis companies in hopes to boost Black participation in the cannabis industry. Hov’s newly established fund…

According to the Wall Street Journal, Jay-Z is launching a fund to invest in minority-owned cannabis companies in hopes to boost Black participation in the cannabis industry.
Hov’s newly established fund uses $10 million in seed money as part of a merger between two California-based marijuana companies, Left Coast Ventures and CMG Partners, by Subversive Capital Acquisition Corp. The Parent Company will then invest two percent of its net annual income to the fund.
Where Black people have historically been punished harder for drug-related offenses due to the war on drugs, when compared to white people, the fund was created in order to promote Black participation in the cannabis industry.
“It’s really unbelievable how that can happen,” said Jay-Z. “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.” Hov added, “I wanted to do something in a real, concrete way, where I do my part.”
The Social Equity Ventures is set to donate $1 Million to each startup it chooses to invest in. The venture will be run by Jay-Z and Roc Nation CEO Desiree Perez, who was also one of the nearly 150 people pardoned by Donald Trump this past Tuesday.
The post JAY-Z Creates $10 Million Fund to Boost Minority-Owned Cannabis Companies appeared first on The Source.
Artist Spotlight
Yella Beezy Shuts Down Speculation After Photo With G$ Lil Ronnie’s Murder Suspect Surfaces

Dallas rapper Yella Beezy is speaking out after a photo of him with one of the suspects linked to the murder of Fort Worth artist G$ Lil Ronnie and his young daughter began making the rounds online. On Wednesday, Beezy posted on Instagram to clarify that he had no idea who the person was when the photo was taken. He pointed out that taking pictures with fans and strangers is just part of his life as a musician. “Don’t associate my name with any of that nonsense,” Beezy wrote in his Instagram Story. “I take tons of pictures every day with people I don’t know; it’s part of my job. It’s ridiculous to use a photo of me in a situation like this. Don’t mess with my image, especially when it involves kids. Straight up. Rest in peace to Chuckie and his little girl.”
Beezy’s response came after some social media users suggested he might have a connection to the tragic incident where G$ Lil Ronnie and his daughter lost their lives in a shocking act of violence. Speculation grew after the photo emerged showing Beezy alongside one of the accused. However, the rapper quickly set the record straight, denying any false claims and expressing his strong stance against violence, especially towards innocent children. His fans and friends in the music industry quickly supported Beezy, acknowledging how difficult it can be for public figures to interact with fans.
In today’s social media world, where people often jump to conclusions based on limited information, Beezy’s message serves as a reminder that just because an artist appears in a photo with someone does not mean they are connected in any way. As the tragic news of G$ Lil Ronnie’s death continues to affect the Texas rap community, Yella Beezy’s words highlight an important point that being photographed with someone doesn’t imply guilt or involvement. While investigations into this heartbreaking case continue, Beezy is dedicated to protecting his reputation and ensuring his name isn’t wrongly involved in untrue rumors.
Artist Spotlight
T-Pain Credits Snoop Dogg for Making Auto-Tune “Cool”

T-Pain is often considered the face of Auto-Tune, a vocal effect that became hugely popular in the 2000s. He produced some of the biggest songs of that time using this technology, but he recently clarified that he wasn’t the only one responsible for its success. In a thoughtful conversation on The Big Pod with Shaq, T-Pain explained that Snoop Dogg played a crucial role in making Auto-Tune acceptable and cool for listeners. T-Pain shared that there was a lot of resistance to Auto-Tune at first, with some people thinking of it as just a gimmick. But when Snoop Dogg started using it, everything changed. T-Pain remarked, “Snoop did it, then it was totally fine.
Everybody was like, ‘Okay, I guess we can listen to it.'” This shift in attitude allowed Auto-Tune to break into mainstream music beyond just T-Pain’s songs. Songs like Snoop’s “Sexual Eruption” showed that Auto-Tune could be a big part of many artists’ music styles, solidifying its place in both rap and pop. Interestingly, Snoop also recognized T-Pain’s influence on his own music, praising him during an episode of his show, Nappy Boy Radio. This connection between the two artists highlights how they support and inspire each other in expanding the music landscape.
Today, Auto-Tune is everywhere in music, from trap hits by Future to the catchy flows of Lil Uzi Vert. T-Pain’s effect on the music industry is clear, but his recent comments emphasize the importance of collaboration and approval in artistry. Ultimately, T-Pain acknowledges that while he revolutionized Auto-Tune, Snoop Dogg was the one who helped make it popular for everyone to enjoy. It’s heartwarming to see these music legends celebrate each other’s contributions as the industry grows and changes.
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