Sean Combs Moves To Become Retail Weed Kingpin

Gothamist reports:

Sean “Diddy” Combs is jumping into New York’s cannabis industry with a $185 million deal — a strong foothold that would also create the largest Black-owned cannabis company in the U.S.

Combs is planning to purchase marijuana production facilities and retail shops in multiple states, including New York, from cannabis giants Cresco and Columbia Care, according to an announcement Cresco sent out Friday.

Pending regulatory approval, Combs will purchase dispensaries in Brooklyn, Manhattan, Rochester and New Hartford — along with a Rochester production facility. He will also take over retail shops and production sites in Massachusetts and Illinois, giving him access to the Boston and Chicago markets.

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