Jay-Z & Monogram Exited Weed Co. Before $575M Loss, Dodged Bullet Early

Jay-Z knows how to avoid a business disaster. Jay-Z’s cannabis brand Monogram isn’t affiliated with The Parent Company. This money-bleeding weed hub was recently discovered to have blown through $575 million in cash … and hasn’t been linked for a couple of years!!! A source tells TMZ Hip Hop, “Jay-Z stepped away years ago and [...] Read More... from Jay-Z & Monogram Exited Weed Co. Before $575M Loss, Dodged Bullet Early The post Jay-Z & Monogram Exited Weed Co. Before $575M Loss, Dodged Bullet Early appeared first on LOVEBSCOTT.

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Dec 4, 2024 - 11:00
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Jay-Z & Monogram Exited Weed Co. Before $575M Loss, Dodged Bullet Early

Jay-Z knows how to avoid a business disaster.

Jay-Z’s cannabis brand Monogram isn’t affiliated with The Parent Company. This money-bleeding weed hub was recently discovered to have blown through $575 million in cash … and hasn’t been linked for a couple of years!!!

A source tells TMZ Hip Hop, “Jay-Z stepped away years ago and it just went up in a mess” … with an official separation timeline of December 2022 and is currently owned by another LLC.

Jay and Monogram launched an aggressive campaign beginning in 2020, promising a premium cannabis experience … but still were accused of selling overpriced mid in the market.

Cannabis expert Seth Yakatan told SFGATE those campaigns cost The Parent Company “mind-boggling amounts of money” … and Jay-Z and Monogram attempting to slang $50 joints was a no-go in California’s brutal market.

Ya can’t knock the hustle with the pricey pre-rolls, but at least he didn’t lose over half-a-billion in the deal!!!

The Parent Company has since been absorbed by another company, Gold Flora, capping off a rough year … Troy Datcher — the first Black CEO to run a major cannabis company — died in March.

via: TMZ

The post Jay-Z & Monogram Exited Weed Co. Before $575M Loss, Dodged Bullet Early appeared first on LOVEBSCOTT.

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