By Justin Moore Snoop Dogg’s venture capital firm joined a $50M funding round for Metrc U.S. cannabis market projected to be worth $47B by 2027 Casa Verde Capital, Snoop Dogg’s venture capital firm, recently joined a $50 million funding round for Metrc that was led by Tiger Global Management. Metrc develops “track and trace” compliance
By Justin Moore Kellogg’s is selling its cookies and fruit snacks businesses In 2018, the U.S. cookies and crackers market is projected to generate $18B Kellogg’s (K +0.03%) search for buyers has intensified as it looks to offload the cookies and fruit snacks businesses. The packaged goods company wants to focus more on its morning
By Justin Moore Tattoos in sports video games are facing legal challenges Video game market estimated to generate $138 billion in 2018 A company that acquires and licenses tattoo designs has filed suit against the makers of the popular video game series by Take-Two Interactive (TTWO +1.44%) NBA 2K, for including a digital re-creation of
By Justin Moore In 2016, it’s estimated that privately-held prison technology firms made $1.2B off phone systems alone Artificial Intelligence used to store and analyze voices is subject to racial disparities Prisons across the United States, in an attempt to bolster security and crack down on fraud, are quietly compiling the “voice prints” of prisoners.
By Justin Moore Tariffs on $200B worth of goods that could affect black consumers African American consumers spend $152M on women’s fragrances, which represents about a quarter of the overall market As trade talks with China have stalled, President Trump recently announced the country would increase tariffs on some $200 billion worth of goods from
By Justin Moore Adidas grossed almost $24B globally in 2018 The Kanye inspired Yeezy’s are expected to gross $1.3B in 2019 alone Adidas (ADDYY +3.49%) has had a presence in Black culture since Run-D.M.C. put on a pair of shell toes, but the multinational athletics brand isn’t keeping that same energy when it comes to
By Justin Moore Zion Williamson signs with Nike’s Jordan brand for $75M The Jordan brand raked in over $2.8B in 2018 alone Before he’s taken a dribble in the NBA, Duke phenom Zion Williamson has been compared to LeBron James who received a $90 million deal from Nike before his rookie season. Although he didn’t
By Justin Moore Epic Games, the creator of Fortnite, is valued at $15 billion Rappers 2 Milly & Blocboy JB’s dances are featured and sold in the game Popular video game Fortnite is free to play, but if you want your character to hit the Milly Rock or other famous moves that comes with a
By Justin Moore “Accelerated pay” is the new employee advance McDonald’s CEO Steve Easterbrook earned $15.9 million in compensation in 2018 In the continuing discussion of wage inequality and stagnation in America, McDonald’s (MCD -2.65%) is back in the spotlight with a policy for employees that, depending on perspective, is either a lifeline for cash
By Justin Moore Brooklyn Nets guard Spencer Dinwiddie plans to make himself and $34M contract a digital investment An estimated $150B is wagered on sports annually in the U.S. Spencer Dinwiddie, who averaged 16.8 points and 4.6 assists per game last season for the Brooklyn Nets, is planning an innovative way to make money for
By Justin Moore Tidjane Thiam oversaw a massive turnaround concluding with decade-high earnings in 2019 2019 spying scandal, in which Thiam was not implicated, cast a shadow on the Swiss bank Veteran wealth manager Tidjane Thiam is out as CEO of investment bank Credit Suisse (CS -1.46%). Thiam, an Ivory Coast native, took the helm
By Justin Moore David Klein, creator of the Easter staple Jelly Belly jelly beans company, is infusing jelly beans with CBD Experts predict the market for CBD could surpass cannabis by 2022 Cannabidiol (CBD) is popping up in products throughout the U.S. with claims it can ease everything from epilepsy to joint pain without the
By Justin Moore Cash strapped HBCUs face the challenge of campuses with no students HBCUs generate $14.8B in economic impact annually Historically Black Colleges & Universities (HBCU) have proved over time to deliver a big economic bang with traditionally less money than their Predominantly White Institution (PWI) counterparts. Although enrollment into HBCUs has been
By Justin Moore Wells Fargo will stop making loans to independent car dealerships after it originated $6.5 billion in loans in Q1 2020 Black car consumers left unprotected by revoked legislation, could feel the pain of less auto loans Wells Fargo (WFC +4.40%), one of the largest lenders for new and used car loans in
