Jay-Z launches his very own cannabis line called Monogram

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Giulia Heyward and João Costa, CNN

Updated 3:00 PM ET, Sat October 24, 2020Jay-Z just launched Monogram, his very own line of cannabis.Jay-Z just launched Monogram, his very own line of cannabis.

(CNN)You could say that Jay-Z is on fire.To be blunt, there’s not much that the Grammy Award-winning billionaire rapper and entrepreneur doesn’t have his hand in. From streaming service founder to music executive to memoir writer, the 50-year-old is adding yet another title to his repertoire.

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Jay-Z and Pharrell team up for new song ‘Entrepreneur’He launched a cannabis line called Monogram Friday. It’s a partnership with California cannabis company Caliva. The website teases glossy shots of marijuana, but gives no information on what it will offer or a release date. Would-be customers can check the site to be “first in line for the drop.”A playlist entitled “Monogram: Sounds From the Grow Room” was also released this week on Jay-Z’s streaming service platform, Tidal. It’s got Bob Marley, The Beatles and Rihanna.Sponsor content by Keeper SecurityKeep your data secure with this password managerThough the benefits of working from home are myriad — there was zero chance you’d become a master of sourdough bread in the third-floor break room, right?”Monogram marks a new chapter in cannabis defined by dignity, care and consistency,” the site reads. “It is a collective effort to bring you the best, and a humble pursuit to discover what the best truly means.”

A high profit industry

Although this is his first official line of cannabis with Caliva, Jay-Z joined the company in 2019 as its chief brand strategist.close dialog

We read all day so you don’t have to.Get our nightly newsletter for all the top business stories you need to know.Sign Me UpBy subscribing you agree to ourprivacy policy.“We think this is a sea (of) change in terms of the visibility to the industry,” Dennis O’Malley, chief executive officer of Caliva, told CNN Business. “We take this partnership with a lot of responsibility, a lot of humility, a lot of accountability moving forward.”

Jay-Z joins cannabis company Caliva as chief brand strategist

Jay-Z joins cannabis company Caliva as chief brand strategistWhile it remains federally illegal, more than half of US states have legalized medical marijuana, with some of those allowing recreational use. While plans to expand the cannabis industry went up in smoke because of the pandemic, others suspect that more states could legalize marijuana in 2021.In the meantime, there are other familiar names who have taken a hit at the weed industry.Snoop DoggWhoopi Goldberg and even Martha Stewart have all had their own lines.

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