50 Cent’s SMS Promotions has been granted a boxing promoter license through the state of Nevada as the Nevada State Athletic Commission has approved a promoter’s license for the rappers new promotion company.

As reported by ESPN, during their monthly meeting on Thursday, the Nevada State Athletic Commission approved a promoters license for 50 Cent and assigned referees for a fourth fight between Manny Pacquiao and Juan Manuel Marquez, who will meet in a a forthcoming welterweight match on Dec. 8 at the MGM Grand in Las Vegas, which 50 will promote for the under-card match of the Pacquiao and Marquez fight.

50 Cent originally applied for the license with The Money Team Promotions, but due to a reported falling with Floyd Mayweather, 50 Cent moved on with his own company, SMS Promotions, and he was questioned by the commission about starting a new company.

While being questioned by the commission, 50 replied by addressing his situation with Floyd Mayweather.

50 explained:

“As he [Floyd Mayweather] came out of incarceration (on Aug. 3 after two months in county jail in Las Vegas) he decided he wanted to do things differently, but I had already invested $1.5 million in acquiring fighters and I would like to move forward.”

Watch ESPN’s report of 50 Cent being granted a Nevada promoters license below: