Diddy Purchases Local Rochester Cannabis Operation

Rochester welcomes Sean “Diddy” Combs! Rapper and businessman, Diddy, is investing in Rochester’s cannabis infrastructure. According to a release from Cresco Labs, Combs is buying $185 million of assets from Cresco Labs and Columbia Care. The deal is set to close in 2023.

Diddy stated: “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.”

Source: Rochester First