The next chapter of Ray J's illustrious career has officially begun. A recent TMZ report states that cannabis company called Fundanna has appointed Ray J as their new chief strategic media officer, a position that is being created just for him. The deal is reportedly worth a cool million bucks! As a well-known figure in the entertainment industry, Ray J's involvement in the cannabis sector is intriguing, especially considering his extensive connections and investments in the legal weed business.
Ray J's journey into the cannabis industry isn't just a whim; it's backed by significant financial commitment. He previously invested $5 million to establish his own marijuana company, William Ray LA. This experience, combined with his network of wealthy and influential friends, makes him a fitting candidate for the role at Fundanna. His primary responsibility will involve attracting investors and persuading them to contribute funds to the business.
In his new role, Ray J will not only interact with potential investors but also produce infomercials for Fundanna. His manager, David Weintraub, mentioned that Ray J will have "full creative control" over this project. Given the nature of Fundanna, which is a crowdfunding platform for investing in hemp and cannabis products, Ray J's creative input could significantly influence the company's outreach and success.
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Fundanna operates on a model that allows individuals to invest in cannabis products without directly handling the plant itself, which can be influenced by ever-changing legislation. Instead, the focus is on the underlying real estate assets. With a minimum investment of just $200, Fundanna is clearly looking to attract a broad base of investors, beyond just Ray J's circle of wealthy acquaintances.
While it's still unclear what specific strategies Ray J plans to implement or how he envisions his role at Fundanna, everyone involved hopes that his $1 million contract will yield substantial returns for the company and its investors. This partnership marks an exciting new venture for Ray J, merging his entertainment background with the growing cannabis industry.
