On Friday (Nov. 4) Diddy announced plans to make a major investment in the cannabis industry. A $185 million deal to buy licensed weed operations in New York, Massachusetts, and Illinois.
This move marks Diddy’s first investment in cannabis and will create the country’s first minority-owned, vertically integrated multi-state cannabis company, as well as the world’s largest Black-owned cannabis company.I
In a statement about the new deal, Diddy said,
“My mission has always been to create opportunities for Black entrepreneurs in industries where we’ve traditionally been denied access, and this acquisition provides the immediate scale and impact needed to create a more equitable future in cannabis.”
We going!!! :)