Jay-Z added another business venture to his growing investor portfolio. The rapper says he accepted a position as chief brand strategist for California marijuana production company, Caliva.

The 50-year-old rapper says he wants to increase economic opportunities for newly released inmates through job training and workforce development.

The rapper announced his new position in a statement on Tuesday. He called Caliva "the best partners for this endeavor."

According to The Hollywood Reporter, Caliva operates a farm and two cannabis stores in Northern California. The company also distributes branded cannabis products in two dozen other retail outlets in the state.

In a previous failed business venture, Jay-Z is suing Iconix Brand Group, accusing the licensing firm of lying about its financial situation and fleeing with his cash after cutting a deal with his Roc Nation apparel company.

In court documents, Jay-Z accused Iconix "of a massive years-long fraud perpetrated by Iconix and its affiliates to amass a portfolio of trademarks under false pretenses, in the process defrauding its licensees and partners, and setting off a colossal accounting scandal the depths of which are still being uncovered."

Photo by Ricky Carioti/The Washington Post via Getty Images

  • ALLMINE?

    I have those sunglasses lol. Shouts to Jigga.

  • Meme

    Wow the articles are coming through thick and fast today i cant keep up! Anyways i guess you've redeemed your self from leaving us alllllll weekend with that girl licking the ice cream and the booger hanging out her nose, i tell you everytime i tuned in i felt ill and had to beat a hasty retreat! Lol

  • jeniefrumdabloc™

    Just when I wanted to take a trip to Cali after seeing some of their shops ... no damn thanks !!!!! Man when weed finally gets legalized completely ......what you bet they (Reptilian demons etc) will fawk that up too sheez https://uploads.disquscdn.com/images/6f810f9dcac935e19c5cd01c08f3297b7f95d43412be1355598b96703fee26e5.gif ..... Over it

  • Meme

    Oooo do they suit you? They actually look perfect for Jays nose...for some reason sun glasses don't suit me so i dont even venture there with them

  • Renee26

    Interesting... Letting the ex cons deal legally OK

  • Renee26

    perfect for Jays nose ?

  • Renee26

    This is an old pic... She looks better now and he looks worse

  • Bob Dilla

    Blacks are locked up for selling weed, while whites are given jobs/opportunity... I’m in California and the majority of bud tenders are white girls.... WTF

  • http://sandrarose.com SandraRose

    This photo is a few months old.

  • Jai

    This is perfect basically my immediate thought as saw title

  • KcoolMuziq
  • Nita Pie

    You sure this ain't one of Obama's inaugurations. Jay aint had short hair in a while.

  • luVn_liFe…
  • Nita Pie

    SO 2022 yal think he going into politics, seems to me he making alot of moves to go that way.

  • luVn_liFe…

    why not,everybody's doing it!

  • Coy little wink

    Lolololo. That's inauguration 2008 or 2012

  • Renee26

    Hmmmm so he cut his hair and she went back to the old school hair color she used to wear??

  • Coy little wink

    He looks better with the fade. Now he looks like Trinidad James before the silk press

  • CardiB’sAbs

    Love it!

  • ClaireHuxtable

    I think more jobs for ex-cons is fabulous! I'm just not sure this is the best vehicle. I can see potential problems. Maybe they could do telephone customer service, IT, accounting, etc.

  • http://sandrarose.com SandraRose

    I don't think that was a booger in her nose. Lol.

  • Renee26

    I see one of em running off on da plug with the product ?

  • Renee26

    I wouldn't vote for the stabber/baby seat jizzer

  • WhoKnew

    I agree with @clairehuxtable that helping ex-cons find employment is fantastic. I just don't believe ex-cons + weed = staying out of jail. I just don't think it's the right field for them particularly since I have heard that they are mixing weed with some crazy chemicals.

  • Renee26

    Agreed... He needs to go back to this dapper look

  • Renee26

    She tried it... Just like that pic of Kodak yesterday ?

  • Renee26

    Mail order some

  • WhoKnew

    He looks so much better in this pic with the hair cut and lined. That Sly Stone look makes him look every bit of his 60 years of age.

  • Curtis

    Don't they learn trade in jail like cosmetology, carpentry, plumbing, hvac, sewing etc? Why not find them job placement with skills acquired? Why weed? Weed is not even legal as per federal govt.

  • WhoKnew

    Exactly. It's finna be a problem Houston.

  • Blaque Mahogany

    I don't see anything wrong with it. People go to jail for various reasons. It seems to me that an inmate with a history of non violent drug distribution would be a good candidate. Loads of experience. It's legal...seems right up their alley.

  • SpillyNillie

    Former inmates and marijuana? I'on know...might increase recidivism...

  • WhoKnew

    It's a good look. He don't look so much like BeYonkers grandeddy in this pic.

  • WhoKnew

    They might be like Pookie in New Jack City. A one and a 2 and a 3. I think wanting to help ex-cons is noble..this just ain't the field to do it with.

  • WhoKnew

    Everybody's doing what?

  • Blaque Mahogany

    1. It's marijuana not meth or crack or heroin.

    2. Just because someone has a criminal history, it doesn't mean they are violent and/or drug users.

  • WhoKnew

    I know it's not like meth or crack or heroin, still there is a temptation to steal the product to sell it as well as to steal it for personal use and how is that helping them if they go back into the system?

  • ClaireHuxtable

    They could be really susceptible to pressure from their old "gfs" in jail too.

  • WhoKnew

    So true.

  • Coy little wink

    Shole did

  • Seldomseen

    You know it’s gonna be one

  • BlockingTrollsAllYearLong

    Jay Z also put up a $1 million investment into Black-Owned vegan cookie company. Par-Take.

  • http://batman-news.com Roderick2011

    Damn Bey is looking matronly with all of that hair.

  • http://batman-news.com Roderick2011

    Hell their a$$es will be too stoned to show up for work.

  • Ni Ni

    Why not find them job placement with skills acquired? Why weed?
    _________________
    They dont think the black man has the mentality to do anything that require real skills outside of some darn weed. Jay z is a snake oil salesman.

  • Ni Ni

    I agree!

  • Chicagowise

    Sounds like a recipe for disaster. I think it's a good idea to take advantage of the legalization of marijuana, but giving known criminals access to a popular, in demand drug, is like giving your pin number to Bernie Madoff.

  • Renee26

    Giggles

  • IyanlaVanzantoftheInterWebs

    Chile.....

  • Blaque Mahogany

    Were they stealing drugs/product from the supplier/connect when they were on the street? Why do you think they'll start stealing all of a sudden?

  • imright

    the only one that flourished from Roc A Fella ?

  • YouWontSayItButIWill

    The only one that turned his back on his friends and sold them out.

  • ALLMINE?

    They're heavy as fuck tho. My nose ain't small but its not jay-z's

  • Marlika

    You see how Mr. Carter makes moves in silence and not on social media bragging about it. Unlike that dry snatch yamp Kim??????

  • Ryan

    Big moves. And speaking of big moves: "Kaepernick’s concern over the shoe’s “Betsy Ross Flag” designs connection to an era of slavery resonated with investors, as Nike has seen a 2% stock increase and added nearly $3 billion in market value since cancelling the kicks."

    Smart cause nobody was gonna buy those ugly azz shoes anyway, no matter how much they bytched bout them getting pulled. https://media0.giphy.com/media/26FeWWOMsz7cWeYcU/giphy.gif

  • ALLMINE?

    Typical "NIGGA" talk..

  • ALLMINE?

    Jigga is my nigga but it's a "NO" on politics

  • Rhyme and Reason

    Thanks! Interesting FYI!

  • Scromes1212

    How is it in silence and we reading about it on a blog?

  • Rhyme and Reason

    This is a GREAT FIT for Jay-Z, given his earlier entrepreneurial background, coming from the hood, his massive business dealing, ups and downs, he will help make this partnership quite profitable!

    Weed sells, and now some people will benefit, who were possible previously incarcerated for selling it!

    Get IN on this, love it!

  • Scromes1212

    Jay is a capitalist. Nothing more nothing less

  • Scromes1212

    Most get no actual job skills in prison.

  • Meme

    Wasn't it? ?I just couldn't bare looking at the picture

  • CardiB’sAbs

    You can figure this out. Because he wasn’t the one that put the information out. ?

  • Scromes1212

    You believe it when he says he didn't put the information out but not when Kim says it lol him and Beyonce got y'all fooled

  • CardiB’sAbs

    I don’t know what Kim does. I’m talking about Jay-Z

  • Evillene

    I think that's illegal. Marijuana is still a controlled substance under federal law -- i.e. unlawful to produce, possess or sell. Ex-cons cannot be engaged in that business.

  • speakinmymind

    Oh geez scrotum, give it a rest. We get it - u dont like him. Can you spare us the endless posts about all the alleged supposed inside scoop you know about him. **insert eyeroll**

  • speakinmymind

    bear

  • Harley

    It’s folks working in pharmaceuticals right now addiction to medication. Heck its people working all kinds jobs with addictions. Just because someone has been to jail doesn’t mean they have an addiction or an an addict.

  • Harley

    Kim is taking the credit for the work actual black lawyers put in. The families claim to fame wasn’t from talent but from storylines and false narratives

  • ClaireHuxtable

    They might not want regular people to know what reeally goes on in prison. So they pay to cover it up.
    "U betta put $25.00 on my books!"

  • joel adams

    Ey I have an idea, let’s send a big butt sheboon to Fulton co courthouse and beg the judge to release felons and allow to work at weed dispensaries.what could go wrong?

  • Chapter29Chick

    Racist troll with a corny joke. Go slap ?? yo mamma plz and leave us alone... ?

  • joel adams

    Replied like a true sheboon

  • Chapter29Chick

    I’m a beautiful fly sheboon white boy! Go back to ur demon cave ?!!!

  • Scromes1212

    When did I say I had a inside scoop on Jay z lol? I'm a fan of his music smh you don't listen to him so you just don't get the references I make to his music. It ain't no inside scoop lol it's his own lyrics. He said he sold his mom crack. He said he shot his brother. He said he stabbed UN. But because people like you are obsessed with his wife they just assume he is this pro black philanthropist lol

  • Scromes1212

    There initial claim to fame is there father. And because the media decides to single her out when she helps with getting a inmate free is not her fault. Ask the inmates she help get free if they care about her getting the credit lol how they get free is not the issue, it's there freedom that matters. In my humble opinion

  • Scromes1212

    Exactly smh that's why this whole story clearly has some made up pr spin on it to try and make Jay look like he giving back to the community smh most people will fall for it

  • Scromes1212

    This makes about as much sense as his other company that puts tracking devices on parolees smh Jay is such a humanitarian lol

  • DroneRivers

    If it means more legal jobs for ex-convicts, I'm all for it.

  • E Ethel Ballys

    That’s what happens when you choose to be ignorant of the law.

  • Strappyheels

    Gone HEAD JAY !!!!!!

  • E Ethel Ballys

    They’ll just steal the Mary Jane and sell it out of state. A criminal is a criminal, you can’t change a man’s soul.

  • Meme

    Thank you as I was writing it I was wondering is it bare or bear and I thought to myself don't be silly it can't be ?, thanks for the correction i'l bear that in mind!

  • joel adams

    Yea sure. You’re beautiful.

  • oshh16

    Can we get a Lion King premier post?
    Those were some every interesting fashion choices.

  • http://batman-news.com Roderick2011

    So you don't believe that criminals can change their ways?

  • T Willis

    Beyoncé looked a mess

  • Victor Nathan

    automatic return'' straight to jail, do not pass go'' ticket

  • IyanlaVanzantoftheInterWebs

    Wendy Williams new boo says he is NOT dating her and is HAPPILY dating someone else... ?

  • EasyBreezy

    Well, that's awkward as hell. That poor chile is doing the most to make Kelvin 'jealous' while he cradles his newborn daughter.

  • CardiB’sAbs

    OT: So ASAP Rocky did an interview where he said he didn’t give a fuck about Ferguson, he isn’t Al Sharpton and that he doesn’t have to care about black issues just because he’s black. He said he lives in Soho and Beverly Hills so he can’t relate. He wants to talk about fashion and getting in girls’ draws. Those remarks didn’t age well. ???? Keep that dust mite locked up.

  • https://nylapoprush.com/twitch twitch.tv/NylaPop

    lol not the same doctor. + even if it was I doubt Wendy gives af. She was out with a new dude yesterday. 'Dating' does not mean 'committed'. Wendy is out here living her absolute best life sloring it up after being with Kevin all those years, and I have no choice but to stan.

  • EasyBreezy

    And what better way to motivate a convict than to expose him to the LEGALITIES of what was once illegal (and the convict was likely involved in/with). I say genius, JayZ! Now, to work on enabling convicts- despite their criminal record- to be able to start their own marijuana businesses.

  • Yardgirl

    Ouch!!! Welp I hope she says something about that on today's show. She is now comfortable in making herself theee hot topic these days.

  • https://nylapoprush.com/twitch twitch.tv/NylaPop

    OT: Chance the Rapper's wife is preggo.

  • iWasteTime

    I wish his peers shared his same hustle and ambition.

  • Yardgirl

    I agree, she out there "dipping and doing it" I feel happy for her, she seems free and unbothered,

  • EasyBreezy

    Give her publicist a pay raise!

  • https://nylapoprush.com/twitch twitch.tv/NylaPop

    yes sis yes

  • CardiB’sAbs

    Bruh!????

  • IyanlaVanzantoftheInterWebs

    AND was seen pawning jewlery at a pawn shop?

  • oshh16

    I think she trying to sike and sice herself also.
    Healing from heartbreak and disillusion takes time.
    Trying to rush it, and not taking that time by dealing with other folk can be disastrous, that getting over someone saying by being up under another is some BS.

  • https://nylapoprush.com/twitch twitch.tv/NylaPop

    lol you must have missed the part in the write up that said Jay Z announced this... I hate Kum K too but let's not get ahead of ourselves here. ?

  • http://www.pureromance.com LA

    It would be nice..

  • Yardgirl

    Totally!! Plus now that she does not have "that man" (as she would say lol) in her life, she can expose as much or as little as she wants!!

  • Yardgirl

    Wait, whet?? The well done got to the bottom already!!! *sniggles*

  • Dowoop

    That's why the only comment I had to make about his ass in jail was "he has nice skin" and "jail isn't supposed to be vacation". Let's see how he likes it when ppl say they not the ones in jail so why should they care.

  • CardiB’sAbs

    Lolol @ nice skin. Jail is basically a vacation in Sweden though. They post their jails’ food menu online.

  • http://www.pureromance.com LA

    ???

  • Dowoop

    ?

  • IyanlaVanzantoftheInterWebs

    I thought she had finger waves in her hair

  • chaisun

    Since most have been locked up for petty crimes or simple things whites get a pat on the back for....like marijuana it’s kinda odd. Those same Black people will be let go to work the same “industry” but now for white folks making millions off marijuana.

  • chaisun

    He does have nice teeth though. ?????

  • Kanyade

    ha! something to google this morning.

  • Ryan

    A shame that you weren't aborted.

  • joel adams

    Maybe you should’ve been swallowed

  • Marlika

    The only fool is you and your simple ass missed the whole point!! It’s always one stupid mofo Capin for the Kardashians ?

  • Marlika

    You must don’t have common sense and missed my point?

  • Ryan

    Woop! A hit dog will holla. Blocked and FR, get help. Or not. LOL

  • joel adams

    Choke on your collards and chitterlings

  • Chicagowise

    I believe the best predictor of future behavior is past behavior. That's why the recidivism rate is so high.

  • http://batman-news.com Roderick2011

    It's high because people won't give them a job so they can't pay their parole fees or they turn to life of crime out of necessity.
    But I am glad to see the old hard core CW back.

  • J’aime Sucer

    Liquor , weed . The need people like Jay Z to push their products to black people .

  • Harley

    There freedom does matter and so does recognizing who is actually doing the work especially when a white woman who’s only relevancy is for creating storylines is not giving black women credit. This family appropriates black women on the regular so it is a major issue

  • Goodii2Shoes

    In a previous failed business venture, Jay-Z
    ==================================
    In *another* previous failed business venture.

    corrected that minor editing oversight.. >:)

  • EasyBreezy

    Agreed.

  • EasyBreezy

    Wayment! Who? Kelvin?

  • IyanlaVanzantoftheInterWebs

    Yesssss

  • EasyBreezy

    Chile.... the massage mistress will be on the next one in 5, 4, 3, ....

  • YouWontSayItButIWill

    I feel sorry for you....

  • ALLMINE?

    Please do