Diddy Acquires Assets to Become Largest Black-Owned Cannabis Company
Cresco Labs and Columbia Care announced that they have agreed to sell their New York, Illinois, and Massachusetts assets to Sean “Diddy” Combs
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Cresco Labs and Columbia Care announced that they have agreed to sell their New York, Illinois, and Massachusetts assets to Sean “Diddy” Combs
One of the most famous names in the rap and hip-hop game just purchased a cannabis company in Rochester, New York, the latest in a long line of business ventures.
Diddy’s acquisition will create the largest Black-owned cannabis company, with operations in New York, Illinois and Massachusetts.
The music and fashion mogul will acquire stores in Chicago and Villa Park and a growing operation in Aurora in a deal with Cresco Labs and Columbia Care.
If regulators approve the deal, Combs is on track to create the world’s largest Black-owned cannabis company. Read more on Boston.com.