Sean "Diddy" Combs buys Cresco, a marijuana company for 185 million dollars

Business mogul and rapper Sean “Diddy” Combs agreed to buy marijuana retail and production assets owned by Columbia Care and Cresco Labs for up to $185 million to create what is being called the largest Black-owned cannabis company in the U.S.

The deal must be approved by regulators and receive clearance from federal antitrust regulators.