Diddy Makes $185M Bid To Create Largest Black-Owned Weed Company

Written by on November 4, 2022

Diddy has announced plans to invest millions of dollars in the legal marijuana industry.

The Bad Boy Records founder wants to invest $185 million into cannabis operations helmed by Cresco Labs Inc. and Columbia Care Inc. in order to obtain nine retail stores across three states: New York, Massachusetts and Illinois.

The two companies are each valued at $1 billion and $500 million, respectively, and . . .

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