Jay Z's cannabis venture fails

[Lovett]

11 minutes ago, Blade Runner said:

Don't know

Correct, you do not know. That's precisely my point.

[CristianGarcia]

His last successful business move was signing Rihanna….

 

That 0.001% he's getting from her is really keeping the lights on in the Carters household

 

[OrgVisual]

3 hours ago, sugarysunflower said:

He bought Tidal for $56 million and sold an 80% stake for $306 million six years later, and is still allowed to sit on its Board of Directors.

 

Tidal was a good investment all-in-all. 

Some people clearly don't know how business works. At the end of the day he's making coins

[Alex]

you can't wear Nashe wig and then be Nashe!
 

[Letters From Adi]

Beyonce, it's time to release an album to save your husband from bankruptcy 

[HASHTAGPOW]

He should ask his cousin to move to Nigeria to find new breed of cannabis  

[Bey'Knight]

Such astounding economic illiterates all over this thread. Stick to yassing over billboard charts, my God! 

[Keeandga]

Who cares. He's rich, he'll live. 

[Robyn.]

meanwhile Tinashe's cannabis brand is thriving, oh jay-z get off the floor

 

 

 

[truthteller]

another business loss to write off tax payment

[brraap]

The whole idea of weed is that it's cheap accessible and allows you to be a bum. Who in their right mind is going to buy a "luxury" blunt. 

[Mariano]

$50 for one joint?   Deserved! 

[SmittenCake]

6 hours ago, FOCK said:

They insist on attempting to launch "luxury" brands that fail over & over, in order to maintain this air of elitism about them - when the public clearly keeps saying "no". 
 

And therein lies the paradox. Their entire brand relies on maintaining this manicured, "unattainable" image, but it's ultimately so shallow & unrelatable that it doesn't sustain. 
 

Like… who struggles to sell weed? And with a half a billion dollar budget at that. 
 

Might be time for him to go back to slinging crack to impoverished communities at the behest of the CIA. 

  

[ScorpiosGroove]

he should try selling temu nails on the shopping channel next

 

[CottageHore]

Not every music artist has what it takes to be a business mogule and that's ok! 

[SoundsandSongs]

Some businesses work, some fail. Any entrepreneur or investor know a lot of businesses fail, but it only takes a few successes to make you very wealthy.

 

At the end of the day Jay and Bey are worth 3billion+ USD and doing very well.

[SoundsandSongs]

6 minutes ago, CottageHore said:

Not every music artist has what it takes to be a business mogule and that's ok! 

Like him or not, Jay Z is the definition of a mogul and his various investments and ventures is what gave him a multi-billion dollar net worth. A few unsuccessful ventures don't change that. 

[Scandalous]

new business idea for Taylor

 

[feelslikeadream]

$50 joints??? I hope they at least came with free shipping.

 

[BYoncé]

6 hours ago, Yakult said:

The headline is misleading. You can read about the business mess in this non-daily mail link.

 

There was never half a billion invested into Jay-Z's pot company bfrfr. The venture was a flop, but the story is only using JAY-Z's name because he's the well known marquee name associated with the story.

 

His company Monogram was one of twenty brands under a parent group literally called The Parent Group which contained 20+ businesses and claimed to have $575m in cash.

 

The Parent Group massively overspent and JAY-Z separated from them in 2022. TPG then went onto merge with another weed company called Gold Flora in 2023 and are still losing masses of money.

 

Jay probably lost Blue's allowance in this venture though, hopefully it inspires Beyoncé to head on tour or release a tour blu-ray or something.

Omg so you mean the cracked out Nicki stan in this thread was rambling and posting over and over about something they didn't fully understand? Color me shocked

[Lüwís]

$50 a joint? Well that one joint needa keep you sky high for a whole month. 

 

 

Who in their right mind would pay that for one lil joint when they could get a whole q? 

 

 

[Fitzswiftie]

So, everyone looking forward to OTR III

[Attaboy]

12 hours ago, FOCK said:

They insist on attempting to launch "luxury" brands that fail over & over, in order to maintain this air of elitism about them - when the public clearly keeps saying "no". 
 

And therein lies the paradox. Their entire brand relies on maintaining this manicured, "unattainable" image, but it's ultimately so shallow & unrelatable that it doesn't sustain. 
 

Like… who struggles to sell weed? And with a half a billion dollar budget at that. 
 

Might be time for him to go back to slinging crack to impoverished communities at the behest of the CIA. 

Ok last part was not necessary but I agree with the first part. I stan B down but it really is giving throw **** at the wall and see what sticks. We all know she isn't accessible to the average Joe & Jane, and no offense people who are in the market for luxury aren't buying products associated with Beyonce/Jay-z. It's tacky 

 

 

 

 

 

 

 

[Teezy]

He hasn't been involved with the company for years. He left awhile ago.
 

New article from TMZ: https://www.tmz.com/2024/12/03/jay-z-weed-company-monogram-cut-ties-with-the-parent-company/?adid=social-tw

 

 

[sciencemagic]

12 hours ago, Yakult said:

The headline is misleading. You can read about the business mess in this non-daily mail link.

 

There was never half a billion invested into Jay-Z's pot company bfrfr. The venture was a flop, but the story is only using JAY-Z's name because he's the well known marquee name associated with the story.

 

His company Monogram was one of twenty brands under a parent group literally called The Parent Group which contained 20+ businesses and claimed to have $575m in cash.

 

The Parent Group massively overspent and JAY-Z separated from them in 2022. TPG then went onto merge with another weed company called Gold Flora in 2023 and are still losing masses of money.

 

Jay probably lost Blue's allowance in this venture though, hopefully it inspires Beyoncé to head on tour or release a tour blu-ray or something.

A barb running to post something negative (and WRONG) about Jay-Z and/or Roc Nation and/or Meg... are we surprised