JAY-Z’s Luxury Weed Brand Struggling Despite $575M Investment
Jay-Z’s luxury cannabis brand, Monogram, is reportedly struggling despite a $575 million investment. The brand was launched in 2020 with a lot of fanfare, and its initial success was met with high expectations. However, it seems that the company has faced some challenges since its inception, leading to declines in sales and market share.
According to reports, Monogram has struggled to find its footing in the competitive cannabis market, which has led to a decline in its valuation. The brand’s struggles have also led to financial losses, with some sources estimating that the company has lost tens of millions of dollars.