As previously reported, Lil Wayne was arrested and charged in Arizona on January 22nd when his tour bus was pulled over and drugs were found including marijuana, cocaine, ecstacy and drug paraphernalia. Today he pleaded not guilty to the felony drug and weapons charges to a grand jury. Lil Wayne will go back to court on March 7th to further address these charges.

It's not all bad for Wayne, he recently announced the creation of a charity for young fans. The charity, "One Family Foundation", will launch at a private reception on Thursday (2/14) in New Orleans. Waynes charity will help by providing chances for youth to cultivate their talents plus learn how to become self sufficient with money and still become successful.

Wayne also is getting ready to reunite with the Hot Boys, including Juvenile and B.G. plus Mannie Fresh during the NBA's All Star Weekend in New Orleans. Lil Wayne will also be at a party with boxer Floyd Mayweather hosted by Ludacris, the same weekend.