In a proposed deal, hip-hop superstar and businessman Sean 'Diddy' Combs is looking to invest big in the legal marijuana business in New York.
"This industry-changing transaction is rooted in Cresco's vision to develop the most responsible, respectable and robust industry possible, and advances Combs' mission to open new doors in emerging industries for Black entrepreneurs and other diverse founders who are underrepresented and underserved," a press release about the deal states.
"They are vertically integrated in New York — meaning they own the cultivation, the processing, the delivery and the sale of their own merchandise," Holland said. "Those are only 10 such licenses given in New York state and now he's the owner of at least one of those." My mission has always been to create opportunities for Black entrepreneurs in industries where we've traditionally been denied access.The deal would allow Combs to have up to eight retail locations, which is otherwise not permissible under New York law, Holland said.From a branding perspective, Diddy can leverage his fame, according to marketing consultant Jon Bond.
"Diddy is not just an influencer or celebrity — he's a guy who has built a whole brand community," Bond said. "He's got an urban footprint. It's a little bit edgy and so is he. It's perfect." "My mission has always been to create opportunities for Black entrepreneurs in industries where we've traditionally been denied access," Combs said in a statement, "and this acquisition provides the immediate scale and impact needed to create a more equitable future in cannabis."
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
New Golden Age #1 Preview: What's Old is New AgainICYMI: It's official. DC is restarting the Golden Age. Read a preview of The New Golden Age 1 right here. comics dc
Leer más »
San Antonio airport to add 1,000 parking spaces as holidays nearHoliday travelers flying out of San Antonio International will have additional parking spots and gates available. Here's what to know.
Leer más »
Diddy Makes a Big Move Into Cannabis Game With $185 Million Purchase of Major Pot Players“All the years, all the pain, all the incarceration… To me, it was important to do a big deal like this,' said Diddy about his massive investment into the legal weed business.
Leer más »
Ticket-Scalping Sites Are Shirking New York's Ticket Laws, Claims New York Lawmaker“The statute doesn’t provide for leeway,” New York State Senator James Skoufis says. “Either you’re showing all-in prices or … disclosing the face-value prices, or you&8217…
Leer más »
Rihanna Crushes Hope for New Album, But Keeps Dream of New Music AliveAny hope that Rihanna’s Super Bowl halftime show might be the harbinger of a new album will have to be put on hold. But that doesn’t mean some new music isn’t on the horizon.
Leer más »