Diddy Purchases Local Rochester Cannabis Operation
Written by Site Hub on November 5, 2022
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
