Jay-Z’s Luxury Cannabis Company Struggles to Sell $50 Joints

Jay-Z’s luxury cannabis company Monogram has been struggling to sell $50 joints, reportedly resulting in the rapper’s business losing half a billion dollars since it was launched in 2020.SFGATE, pointing out that Monogram’s website lists nine retailers — eight in California and one in Arizona — but none of them list the rapper’s products on their online menus.

Jay-Z had also been named chief visionary officer at the business, with his Monogram brand being listed as The Parent Company’s luxury product, offering pre-rolled joints and cannabis flower in lustrous black packaging at lavish prices. “Like many other things we’ve seen in cannabis surrounding rappers, the hype hasn’t met the reality,” Yakatan said. “Monogram was supposed to be an ultra-premium product, and I don’t know anyone who tried it and thought it was anything more than mid-tier.”

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Luxury Unfiltered: How empathy can save the luxury industryLuxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.
La source: LuxuryDaily - 🏆 325. / 59 Lire la suite »

How jewelry company FoundRae bucked the obvious trends — and became a quiet luxury obsessionNew York-based jeweler Foundrae creates eye-catching pieces
La source: nypost - 🏆 91. / 67 Lire la suite »

Company vows to sue over damages after New Mexico authorities destroy cannabis cropsState police have destroyed tens of thousands of pounds of marijuana plants at greenhouses in northwestern New Mexico. They announced the operation Monday, saying dozens of agents were assigned to eradicate the plants in October.
La source: AP - 🏆 728. / 51 Lire la suite »