Monogram, the line of $50 pre-rolled "luxury joints" owned by SHAWN "JAY-Z" CARTER (55), has burned through half a billion dollars and is no longer on shelves. Critics say that Monogram's joints failed to stay lit for “more than a few seconds.” Jigga and Monogram have reportedly bounced to another partner (who is also losing money) and left his former parent company, The Parent Company, with an estimated loss of $575 million.
This is just the latest setback for Carter's business ventures. Last month, employees at the tech firm, Block, received “stern warnings” not to mention the rapper's name and said it was "scaling back" its investment in Carter's music platform, Tidal.
Source: SFgate.com