Sean "Diddy" Combs buys Cresco, a marijuana company for 185 million dollars
- Carol Black
- Nov 4, 2022
- 1 min read
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.
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