Jay-Z Stepped Away From Monogram Weed Company Before $575 Million Loss

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" 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. 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

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