Jay-Z and TPCO Restructure Partnership: This Week in Cannabis Investing

Consumer-focused cannabis company TPCO will see significant cost savings thanks to a new deal with Chief Visionary Officer Jay-Z.

(Image credit: Getty Images)

Green shoots come in different contexts in cannabis – and recent news from TPCO Holding (GRAMF) and Jay-Z, its chief visionary officer, is just one example. 

We typically note the state level action, but there are plenty of opportunities for businesses to make good strides. We have seen wholesale price compression in certain state level markets, such as a legacy market like California. Some California cannabis operators have struggled with imbalanced supply relative to the local level rollout of adult-use access. Operators are also faced with high regulatory costs and a prolific illicit market. We have seen many businesses fail in California as a result of these known issues. 

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Morgan Paxhia
Contributing Writer

Morgan Paxhia is Managing Director and Co-Founder of Poseidon Investment Management. With over 10 years experience in investing and finance, Morgan has developed a deep understanding of individual company analysis, portfolio construction, and risk mitigation. This content is not intended to provide any investment, financial, legal, regulatory, accounting, tax or similar advice, and nothing should be construed as a recommendation by Poseidon Investment Management, LLC, its affiliates, or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. An investment in any strategy involves a high degree of risk and there is always the possibility of loss, including the loss of principal. This content should not be considered as an offer or solicitation to purchase or sell securities or other services. Any of the securities identified and described herein are for illustrative purposes only.  Their selection was based upon nonperformance-based objective criteria. The content presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Past performance is not indicative of future results.