With the massive success that Bieber has been experiencing with Peaches, he is now exploring more business endeavors, with the Peaches name.

Bieber is now getting into the cannabis industry, as he is partnering with Palms, which is a Los Angeles-based company, to start his own pre-rolled joints.

Palms already sells pre-roll joints, which retail at $32.

It's expected that Peaches could hit the market at a higher price, due to Bieber's name being attached to the product.

Palms currently has locations in California and Nevada.

According to Bloomberg, sales from Peaches will help various organizations.

These include Veterans Walk and Talk, which is a veteran group that advocates for medicinal cannabis and psychedelic use, Last Prisoners Project, a nonprofit organization which focuses on helping incarcerated who were arrested because of owning marijuana, and the Eaze Momentum Accelerator, which assists underrepresented groups, who work in the cannabis industry.

"I'm a fan of Palms and what they are doing by making cannabis approachable and helping to destigmatize it — especially for the many people who find it helpful for their mental health," said Bieber in a statement to Bloomberg.

The "Peaches" single is currently 2x platinum in the US, as it went on to appear on Bieber's sixth studio album, "Justice," in March.