Monogram, the luxury weed brand that Jay-Z formed in 2020 has reportedly experienced some financial issues, as have many others who are part of California's legal weed market. The Parent Company (TPCO), the conglomerate behind Monogram reportedly burned through $575 million and merged into another firm, which also appears to be in financial trouble,says SFGATE. Experts point to the fact that Jay-Z's company charged $50 for a pre-roll (single joint), compared to the $5 standard price.

"Cannabis has been around for thousands of years, yet it is still an industry whose legacy of skilled craftsmanship is often overlooked,” said Jay-Z to CNBC. “I created Monogram to give cannabis the respect it deserves by showcasing the tremendous hard work, time, and care that go into crafting a superior smoke. Monogram products are next-level when it comes to quality and consistency, and we’re just getting started.”