Ray J has evolved into quite the entrepreneur, and according to reports, he has invested a huge $5 million into launching a cannabis company.

He announced the news earlier this week via an Instagram post:

" WILLIAM RAY LA “ JUST LAUNCHED MY NEW CANNABIS BRAND MANAGEMENT FIRM! - PEANUT BUTTER AND JELLY FLOWER -

OIL AND PURPLE LYRIQ THC DRINK- EDIBLES - FLAVORED PACKAGING- And a lot more!! I’m serving as the company with the license to sell and distribute in many states! Starting with Cali , Arizona , Kentucky! Still adding more companies and more brands all year long!! Things don’t happen over night!!" he wrote.

"Let’s make this a successful journey!!! More info on the way!! Click the link in my bio to purchase and for any questions about WILLIAM RAY LA - NEW WRLA JET TO GET US HIGH IN THE SKY!! #G450 🇺🇸🇺🇸 #treehouse #WILLIAMRAYLa #peanutbutterandJelly #cannabis #weed #smoke #oil #C21Meds #kentucky #arizona #PB&J #indica #sativa #hybrid #PJ"

TMZ reports that the first rollout will feature pre-rolled joints, dubbed, "Ray Jay's." 

Sounds like money to us!