By Dymond Alexis
Entrepreneur, Actor and Singer Ray J has been making money moves and closing multi-million dollar deals left and right.
Ray J reportedly took $5 million and invested it into his own cannabis company. The cannabis industry has become one of the most profitable and lucrative business to get involved in as weed becomes legal in more states.
According to TMZ, not only is Ray growing his own start-up, but he’s also become the Chief Strategic Media Officer for a company called Fundanna. Their website describes them as the “The 1st Regulation Crowdfunding platform for cannabis businesses.” Think Kickstarter for weed.
TMZ reports that Ray has inked a deal where he receives $1 million per year and, in turn, he stars in infomercials urging people to invest into weed companies.
Ray J is collecting his coins in every way. He also announced that he’s heading on the TBTour with Day 26, B5, Immature and J.Holiday.
Dates for the tour hasn’t been announced yet.