Investing in companies that empower and impact growing markets is the business mindset of Shawn “Jay-Z” Carter. Jay Z’s investment firm is now in the payment processing business owing to the demand of legalized cannabis.
Understanding the real meaning of “cash is king,” Jay Z made another genius business move by investing in Flowhub. Flowhub is a flourishing tech giant which creates point-of-sale software. The company has raised nineteen million dollars during their initial round of funding.
Entering the payment processing business market reflects the unparalleled business mentality of Jay-Z. His investment is in conjunction with his ownership of the premium cannabis company Monogram.
FlowHub’s Mega Footprint
Valued at $200 Million, FlowHub’s footprint in the market increased substantially. In fact, Headline Capital and Poseidon Asset Management led this round of funding.
Having launched in 2015, Flowhub assists cannabis retailers in keeping their inventory and transaction records up to date and staying compliant with state laws governing cannabis.
Moreover, Flowhub processes over $3 billion worth of marijuana transactions every year on behalf of over 1,000 businesses across multiple states. Flowhub’s founder Kyle Sherman is a major player in the tech world.
The marijuana industry maintains federally illegal status. Therefore, large banks insured by the Federal Deposit Insurance Corporation, such as JPMorgan Chase and Wells Fargo, refuse to service marijuana companies.
Knowing that card types like Visa and MasterCard and payment processors such as PayPal and Square have to deal with the same issues. Most marijuana industry transactions, which reached $20 billion last year across 36 states that had legalized marijuana sales in some form, were cash transactions.
Considering the point-of-sale tools offered by Flowhub, they will help cannabis dispensaries deal with a constantly shifting cash flow landscape. With Flowhub’s software, customers can swipe their debit cards at checkout. However, the transaction is not a debit transaction at all; it is charged like a cash withdrawal from an ATM.
Poseidon Asset Management’s Emily Paxhia, co-founder and managing partner, said, “Flowhub is the Square of the cannabis space.”
![Eminem Drops New Music Video The music video for "Godzilla" off of Music to Be Murdered By dropped yesterday. "Godzilla" is one of the more memorable songs off of the album. The song is comprised of Eminem's typical quick-paced flow and vulgar lyrics. The talented but young rapper, Juice WRLD, who passed away this past December, sings the chorus for this track. Although Juice WRLD is not in the music video for "Godzilla", the video pays tribute to him in multiple ways. "Godzilla" Pays Tribue to Juice WRLD At one point during the music video, Eminem is seen rapping upon a stack of CDs from throughout his career. Along with this, there are CDs seen for Juice WRLD, such as Deathrace For Love and Goodbye & Good Riddance. [caption id="attachment_108738" align="aligncenter" width="516"] Screenshot from "Godzilla" Music Video[/caption] The video ends with a tribute to Juice WRLD. It features audio of inspiring words from the rapper as well as text thanking Juice for changing the world with his music. It goes to speak of how his memory will live on, and the fact that he will not be forgotten. The message from Juice WRLD in the audio at the end of the music goes to speak of why fans will remember him and appreciated his work. Juice speaks of aiming to achieve something every day and be proud of what you are doing. He ends it off with words of hope for anyone going through tough times right now. Check out the music video starting at 3:45 to see the tribute to Juice WRLD and hear what he has to say. Final Thoughts Eminem is nearly 50 years old but still dropping tracks. It is crazy to think that The Slim Shady LP, his second album, dropped back in 1999. It has been over two decades since his career began, but Eminem is keeping the fire burning. "Godzilla" is a fun listen. One always enjoys hearing some fast lines by Eminem. The song has a nice bonus of a feature from recently deceased artist Juice WRLD. The music video that dropped yesterday goes to pay tribute to Juice WRLD in a few ways. Check out the video using the above link to give the song and listen and see what Eminem has in store. What are your guy's thoughts though? Are you glad to hear Shady keeping it up after all these years? Did you enjoy the tribute to Juice WRLD? And what do you think of the music video for this song?](https://www.hypefresh.com/wp-content/uploads/2020/03/Snoh-Aalegra-Signs-Deal-With-Roc-Nation-324x160.jpg "Snoh Aalegra Signs Deal With Roc Nation")
