Contrary to the popular belief that Jay-Z ’s cannabis brand Monogram is tied to The Parent Company amid the latter’s massive failure, the hip-hop legend and his company haven’t been linked to the latter for the last couple of years.

JAY-Z knows how to avoid a business disaster. The rapper and mogul was once affiliated with Monogram but stepped away from the partnership when he noticed the company was hemorrhaging cash.

Jay-Z joined the growing ranks of celebrities in the cannabis space via the high-end Monogram brand, coupled with endorsements from his creative and artistic peers. Now, it’s being reported that Jay-Z’s brand,

Jay-Z’s luxury cannabis brand Monogram, once tied to The Parent Company, has now severed its affiliation after a high-profile launch.

JAY-Z and his luxury cannabis company, Monogram, reportedly cut ties with its parent company, The Parent Company (TPCO) before it suffered a $575 million loss. RELATED: Jay-Z Launches His Own Cannabis Line,