It's no secret that there's big money in the legalized marijuana industry, as there have been numerous examples of celebrities investing in cannabis and making a fortune in the process. For that reason, Ray J has decided to pour $5 million into his new cannabis company in California, that during the first rollout will specialize in pre-rolled joints called "Ray Jays."

The company is named William Ray LA and will assemble experts in the field for growing, branding, and marketing, while Ray's manager has said that the "company's aim will focus on non-traditional marketing strategies in media, music, and entertainment."

"They said welcome to the cannabis business Ray J," the artist said on camera, to which he then replied, "I'm so happy and honored to be here."

Source: TMZ