Rapper Sean 'Diddy' Combs could become a dominant African American player in the cannabis industry.
Rapper Sean "Diddy" Combs could become a dominant African American player in the cannabis industry with a pending deal for production and retail outlets in the Chicago area and in New York and Massachusetts.
Cresco said the sale makes Combs the nation's first Black investor in marijuana with multistate operations and would create the largest Black-owned business in cannabis. Through his Combs Enterprises, the rapper's other business interests include entertainment, fashion, liquor and media.
Aside from Chicago, the deal gives Combs a presence in the New York City and Boston markets. He would get retail and production assets in New York and Massachusetts from Cresco or Columbia Care.
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