Webber has partnered with JW Asset Management to launch a $ 100 million private equity fund to help minority entrepreneurs thrive in the skyrocketing marijuana industry.
The problem Webber says is there are several obstacles that seem to be preventing minorities from getting some of the action and he’s trying to level the playing field.
Webber told the guys on TMZ Live that some states require a $ 60,000 deposit to apply for a license to open a pharmacy, which is an extraordinarily high price.
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“People need help,” says Webber. “So we’re going to come to these places and train, we’re going to make sure we create jobs, and we’re going to make sure you have a hub to understand how you are.” can get into the cannabis industry not just as a cultivator or breeder or a star, but also how to make a living by providing certain services that the industry allows. “
Webber broke this down in a statement: “It is critical that we diversify leadership in the cannabis industry and create a level playing field for people from our communities.”
“For too long, minorities have been excessively punished and imprisoned for cannabis, while others have benefited from it.”