Jay Z's luxury cannabis company goes up in smoke after struggling to sell $50 joints; How Jay Z-linked pot company burned $575M in California

Memorial Stadium Piru

WE BYKE BABY
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There aren't as many stoners & people that get high everyday like y'all think. Those that do 99% of the time are broke and buy the cheapest shyt they can find and don't care about branding.

The cannabis business also has high overhead expenses due to cultivation and government regulation. Then you add on to that that the industry is oversaturated like hell. Most weed stocks are in freefall right now and have been for over a year
 

Hater Eraser

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That California Lifestyle ...
There aren't as many stoners & people that get high everyday like y'all think. Those that do 99% of the time are broke and buy the cheapest shyt they can find and don't care about branding.

The cannabis business also has high overhead expenses due to cultivation and government regulation. Then you add on to that that the industry is oversaturated like hell. Most weed stocks are in freefall right now and have been for over a year

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Dallas' 4 Eva

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There aren't as many stoners & people that get high everyday like y'all think. Those that do 99% of the time are broke and buy the cheapest shyt they can find and don't care about branding.

The cannabis business also has high overhead expenses due to cultivation and government regulation. Then you add on to that that the industry is oversaturated like hell. Most weed stocks are in freefall right now and have been for over a year
Most people I know that do get high smoke on the weekends. Getting high everyday sounds crazy to me.
 

Yagirlcheatinonus

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A lot of rappers are starting up coffee brands it’s a new trend. GFK, Pusha T, Snoop, Neek Bucks just some I seen recently

I don’t know who the market is for this shyt who is buying Jadakiss coffee over established brands
Yea but Jadakiss pops been in the coffee game like 40 years. He tried to put Jada on earlier but he was rapping.
 

The Devil's Advocate

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Better to reign in Hell than serve in Heaven
Cookies isnt profitable anymore Berner has said it himself in some interviews.

He probably still moves shyt on the side though
Again... Y'all be so wrong about this "profit" thing

Berner says he hasn't TAKEN a profit.. Companies can take their profits and dole it out.... ORRRRRR what a lot do, is take their profits and reinvest in the company.... tax free, and doesn't count as profit once you reinvest
 
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