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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…

JAY-Z Launches 'Roc Lit 101' Alongside Random House

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. 

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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.” 

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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.

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The post JAY-Z Creates $10 Million Fund to Boost Minority-Owned Cannabis Companies appeared first on The Source.

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Hip-Hop

Benzino and Jacksonville Rapper Natalac Announce Drop Date for “Trending Topic”

Hey music lovers!

We’ve got some exciting news that you’ve all been waiting for! The highly anticipated new single, “Trending Topic”, will be dropping on all your favorite streaming platforms on April 12, 2024. So, mark your calendars because you wouldn’t want to miss the debut of this promising track!

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Straight from Jacksonville, Florida, Natalac, our beloved rapper and the CEO of Natalac Records and Natalac Express, is all set to release this brand new single. The exciting part? This upcoming single will be featuring none other than the entrepreneur, TV personality, and rapper, Benzino!

Remember when Benzino made waves in the hip hop and rap world with his release “Rap Elvis”, an Eminem diss? Our very own Natalac, draped in white mink, was a part of the single’s official video, filmed in Detroit. And it’s not the first time Natalac and Benzino have joined forces. They previously collaborated on projects like “Run Tell That” from the ‘Love & Pimp-Hop’ album by Natalac, which was released back in 2021.

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This time, they’re back with “Trending Topic”, their latest collaboration. The official video for this single, filmed in Detroit, will also see Bo$$ Money in the mix. Fans can expect to find “Trending Topic” in the upcoming Natalac album, ‘Return of Goldie’.

Natalac’s illustrious career in music spans over two decades. Remember his voter’s rights single “Fire in Florida”? It was so impactful that it caught the attention of the NAACP “Get Your Vote On” tour for the 2000 Presidential election. Since then, he’s been consistently releasing albums and working on numerous projects. One of his memorable works includes the 2012 ‘Coast 2 Coast Mixtape Vol. 183’ with Wyclef Jean, Young Jeezy, Mary J. Blige, Ludacris and several more that followed. Currently, Natalac is signed with his own label Natalac Records.

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Natalac’s charisma, talent, and raw perspective have earned him billions of views online. He’s also known for his character A Pimp Named Slickback, featured on Adult Swim’s ‘The Boondocks’.

So, on April 12, 2024, all fans and followers of Natalac and Benzino, get ready to tune in to “Trending Topic” as it makes its digital debut. Want to learn more about Natalac? Visit https://natalac.com/ or Google Natalac at http://bit.ly/2RcUJpn.

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ABOUT NATALAC: Natalac is a rapper based in Jacksonville, Florida. He’s the CEO of Natalac Express and Natalac Records. Find out more about him on https://rap.fandom.com/wiki/Natalac, https://bit.ly/2RcUJpn, linktr.ee/natalac, and Natalac.com.

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50 Cent’s Fiery Fallout, Daphne Joy Accusations Ignite Social Media Storm

50 Cent

50 Cent’s Fiery Fallout, Daphne Joy Accusations Ignite Social Media Storm

In recent developments, 50 Cent finds himself embroiled in controversy as he takes to social media to lash out at Daphne Joy amid rape and abuse allegations. The tumult began when Daphne, mother of 50 Cent’s son, was implicated in a lawsuit against Diddy by Rodney “Lil Rod” Jones, alleging a financial exchange for intimate favors, which Daphne vehemently denies.

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With the online spotlight intensifying, 50 Cent wasted no time in publicly condemning Daphne, even going so far as to seek sole custody of their child. In response, Daphne addressed the accusations and 50 Cent’s aggressive reaction in a now-deleted Instagram Story, vowing legal action against Jones and slamming her ex for his social media antics.

In a poignant twist, Daphne called out 50 Cent, alleging past instances of rape and abuse, shifting the focus from her own predicament to his alleged misdeeds. Despite her claims, 50 Cent vehemently refutes all allegations, doubling down on his social media tirade against her.

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As the digital battlefield rages on, 50 Cent continues to air his grievances online, sparking further debate and speculation. What are your thoughts on Daphne Joy’s accusations against 50 Cent, and his subsequent online onslaught? Join the conversation below, and stay tuned to Honk Magazine for the latest updates on this unfolding saga.

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