Jay-Z’s $10M bet on equity

(Photo by Andrew Burton/Getty Images)

Cannabis equity, the idea that minority communities disproportionately harmed during the war on drugs, should profit from the legal industry has long been a goal for cannabis progressives. But despite public and private sector efforts, and endless panel discussions at industry conferences, there are few equity success stories. As the industry’s largest companies, which generally have not made equity a priority, grow more sophisticated and expand their footprints, equity efforts may be running out of time. 

This month hip hop icon Jay-Z, in partnership . . .