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It is currently owned by The Hershey Company. The product was originally produced by the Jolly Rancher Company, founded in 1949 by Bill Harmsen of Golden, Colorado. The Jolly Rancher Company made ice cream, chocolate and candy sold at several Ranch Maid Ice Cream stores in the Denver area.
The Jolly Roger flags varied among pirates; although, the flags typically contained some version of a skull and crossbones displayed on a red or black flag. The name Jolly Roger most likely came from a slang pronunciation of the French name Jolie Rogue for the red flag... translated to pretty red to describe the bloody banners flown by early privateers.