Monday, November 29, 2021

Toni Braxton Owes $750K+ in Taxes – Snoop Raises $45 Million for Weed Investments

braxton family values

*It looks like Snoop Dogg is doing quite well in the financial department. In fact, he’s raising millions for his marijuana investments. More on that shortly.

But first …

Speaking of money. If you thought Toni Braxton‘s tax troubles were a thing of the past, think again. According to court documents, Braxton owes a total of $780,808.29 in back taxes.

The Blast reports that recently, four tax liens have been filed against Braxton: two from the State of California and two from the federal government.

This is how it breaks down:

State of California
2015: $113,500.93
2016: $116,870.07

Federal
2015: $310,223.28
2016: $240,214.01

As far as her tax problems, in sense, it’s like déjà vu all over again for Braxton. She previously filed for bankruptcy in 1998 and 2010. In an interview with ABC News in 2012, she blamed the ’98 bankruptcy on a bad record deal and an addiction to home decor.

“I love dishes and house things, so I kind of lost it a little bit on the houseware,” she said at the time.

NEWS YOU MAY HAVE MISSED: DRAMA! ‘LOVE & HIP HOP: ATL’ SEASON 7 PREMIERES MARCH 19, WATCH TRAILER

snoop dogg & joint

Meanwhile, Snoop Dogg seems to have his money situation locked down to the point where he and his company, Casa Verde Capital, are looking to invest in the ancillary cannabis industry. A report in Marijuana Business News Daily says they’ve raised $45 million.

With that money, he and his backers won’t be investing in dispensaries or any business focused on the actual process of growing weed, he has already invested in eight companies that support the picks and shovels specially produced for marijuana growing.

The $45 million fund marks one of the largest in the cannabis industry, with Casa Verde Capital raising much of the cash last year. The story also says Snoop is reportedly unwilling to invest any less than $1 million per company as he maintains a view that the industry will be among the most compelling of this generation.

Karan Wadhera, the managing director of Casa Verde Capital, has implied that they are looking to the future with their investments, saying:

“We’re more interested in companies that are building functions for the long term because those short-term solutions won’t be relevant once we’re in a federally legal environment.”

YOU MAY LIKE

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

SEARCH

THE CULTURECALENDAR: WHAT'S NEW & BLACK ON TV

TRENDING