Jay-Z joins a cannabis company as a "chief visionary officer"

Subversive Capital Acquisition company has acquired two California-based cannabis brands and named Jay-Z as the resulting holding company’s chief visionary officer, Marijuana Business Daily reports. Subversive Capital is acquiring the direct-to-consumer cannabis platform and brand Caliva as well as Left Coast Ventures, a cannabis and hemp producer, with investment from Roc Nation artists Rihanna, Yo Gotti, and Meek Mill. The deal makes Jay-Z the biggest music player in the California cannabis industry, worth $3 billion a year.