Not Surprised Jimmy Buffett Is Launching His Own Line Of This!

September 12, 2018

In case you didn’t know, Jimmy Buffett opened his own retirement community called Latitude Margaritaville. Sounds like a great place to go when you get old. Now, he’s launching his own line of weed products called “Coral Reefer.”

According to Forbes, he will license the “Coral Reefer” brand to Surterra, a big medical marijuana company whose board has since last month been chaired by William “Beau” Wrigley, Jr.—the former CEO of the Wrigley confectionery firm. No word on how much cash Buffett put into the business.

Buffett will earn royalties from Surterra’s Coral Reefer-branded vape pens, edibles, lotions and gel caps, but gain no stake in the venture. He was approached by other cannabis ventures but opted for Surterra because of its medical, rather than recreational, focus.

HOWEVER, Wrigley said the plan is to eventually expand to the recreational market