Diddy is about the change the game again. He has just created the largest Black-owned Cannabis conglomerate in the United States.
As spotted on Hype Beast the Bad Boy Entertainment mogul is taking his talent to a new industry. Last week he announced that he bought out Cresco Labs, the No. 1 U.S. wholesaler of branded cannabis, and Columbia Care in the states of New York, Massachusetts and Illinois. This deal allows Combs the ability to grow and manufacture cannabis products; wholesale, and distribute those branded products to licensed dispensaries in major metropolitan areas like New York City, Boston, and Chicago; and operate retail stores in all three states
The Transaction is Combs' first investment in cannabis, the fastest growing industry in the U.S.,... Read more