Thursday, March 23, 2023
No Result
View All Result
New York Feature
  • Home
  • Business
  • New York Feature
  • Entertainment
    • All
    • Movie
    • Music
    Thelonious Stokes and Chance the Rapper Bring the South Side to Ghana

    Thelonious Stokes and Chance the Rapper Bring the South Side to Ghana

    Pierre Balian: The Talented Music Producer Taking Over the Industry

    Pierre Balian: The Talented Music Producer Taking Over the Industry

    Codie West’s euphonic sound and pure passion for music garner massive headlines in UK’s music world.

    Codie West’s euphonic sound and pure passion for music garner massive headlines in UK’s music world.

    BRUNO_OFFII: The Musician Leading the Charge in the Metaverse 

    BRUNO_OFFII: The Musician Leading the Charge in the Metaverse 

    Meet talented music artist Kevomigzi

    Meet talented music artist Kevomigzi

    You’ve Got to See It Kim Kardashian Is Accepting Her Inner Essex Girl, Sophie

    You’ve Got to See It Kim Kardashian Is Accepting Her Inner Essex Girl, Sophie

    When Selena Gomez Singing “Who Says” with Millions of Her Fans While Wearing A N*de Sheer Dress!

    When Selena Gomez Singing “Who Says” with Millions of Her Fans While Wearing A N*de Sheer Dress!

    Jennifer Lawrence Exhibits An Old Hollywood Approach To Holiday Dress

    Jennifer Lawrence Exhibits An Old Hollywood Approach To Holiday Dress

    “Working” to be his best version in music, music artist Jack Mills comes up with his new single “We Workin.”

    “Working” to be his best version in music, music artist Jack Mills comes up with his new single “We Workin.”

  • Music
  • Lifestyle
    • All
    • Fashion
    • Health
    • Travel
    “Mindy Kaling Shines in Vibrant Purple Minidress During White House Visit to Accept Prestigious Award”

    “Mindy Kaling Shines in Vibrant Purple Minidress During White House Visit to Accept Prestigious Award”

    Actress Sharon Stone Reveals She Lost “Half Her Money” in Banking Collapse

    Actress Sharon Stone Reveals She Lost “Half Her Money” in Banking Collapse

    “Inside the Breakup: Raquel and James’ Rocky Relationship Unfold on ‘Vanderpump Rules'”

    “Inside the Breakup: Raquel and James’ Rocky Relationship Unfold on ‘Vanderpump Rules'”

    Miyanna Coleman: Paving the Way for Midsize Models to Shine

    Miyanna Coleman: Paving the Way for Midsize Models to Shine

    Kyle Richards yet to meet her niece Paris Hilton’s newborn son, Carter James Reum

    Kyle Richards yet to meet her niece Paris Hilton’s newborn son, Carter James Reum

    Sports Commentator Stephen A. Smith Reveals Personal Beef with NBA Star Kyrie Irving

    Sports Commentator Stephen A. Smith Reveals Personal Beef with NBA Star Kyrie Irving

    Kim Kardashian Shreds Pounds and Looks Slimmer Than Ever Before

    Kim Kardashian Shreds Pounds and Looks Slimmer Than Ever Before

    Thelonious Stokes and Chance the Rapper Bring the South Side to Ghana

    Thelonious Stokes and Chance the Rapper Bring the South Side to Ghana

    Matthew McConaughey and Camila Alves’ Kids Steal the Show at Paris Fashion Week

    Matthew McConaughey and Camila Alves’ Kids Steal the Show at Paris Fashion Week

    Miley Cyrus Set to Showcase New Album on Disney+ Special ‘Miley Cyrus – Endless Summer Vacation (Backyard Sessions)’

    Miley Cyrus Set to Showcase New Album on Disney+ Special ‘Miley Cyrus – Endless Summer Vacation (Backyard Sessions)’

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Fashion
  • Tech
    So you can create your own mobile phone

    So you can create your own mobile phone

    IT’S A Hidden Only recently have people begun to understand that the iPhone contains a number of secret codes that unlock additional capabilities.

    IT’S A Hidden Only recently have people begun to understand that the iPhone contains a number of secret codes that unlock additional capabilities.

    Elon Musk orders Twitter staff to work every minute of every day on ‘blue tick’ charge

    Elon Musk orders Twitter staff to work every minute of every day on ‘blue tick’ charge

    Be programming prepared for 2023 with informational collections that permit your association’s areas of expertise to converse with one another

    Be programming prepared for 2023 with informational collections that permit your association’s areas of expertise to converse with one another

    Philips: Neue Monitorreihe „Evnia” mit QD-OLED, Smaller than expected Drove und mehr MMD,

    Philips: Neue Monitorreihe „Evnia” mit QD-OLED, Smaller than expected Drove und mehr MMD,

    Abbyson Unveils Second Evolution Of iTable Mini On A Quest For Innovation

    Abbyson Unveils Second Evolution Of iTable Mini On A Quest For Innovation

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Home
  • Business
  • New York Feature
  • Entertainment
    • All
    • Movie
    • Music
    Thelonious Stokes and Chance the Rapper Bring the South Side to Ghana

    Thelonious Stokes and Chance the Rapper Bring the South Side to Ghana

    Pierre Balian: The Talented Music Producer Taking Over the Industry

    Pierre Balian: The Talented Music Producer Taking Over the Industry

    Codie West’s euphonic sound and pure passion for music garner massive headlines in UK’s music world.

    Codie West’s euphonic sound and pure passion for music garner massive headlines in UK’s music world.

    BRUNO_OFFII: The Musician Leading the Charge in the Metaverse 

    BRUNO_OFFII: The Musician Leading the Charge in the Metaverse 

    Meet talented music artist Kevomigzi

    Meet talented music artist Kevomigzi

    You’ve Got to See It Kim Kardashian Is Accepting Her Inner Essex Girl, Sophie

    You’ve Got to See It Kim Kardashian Is Accepting Her Inner Essex Girl, Sophie

    When Selena Gomez Singing “Who Says” with Millions of Her Fans While Wearing A N*de Sheer Dress!

    When Selena Gomez Singing “Who Says” with Millions of Her Fans While Wearing A N*de Sheer Dress!

    Jennifer Lawrence Exhibits An Old Hollywood Approach To Holiday Dress

    Jennifer Lawrence Exhibits An Old Hollywood Approach To Holiday Dress

    “Working” to be his best version in music, music artist Jack Mills comes up with his new single “We Workin.”

    “Working” to be his best version in music, music artist Jack Mills comes up with his new single “We Workin.”

  • Music
  • Lifestyle
    • All
    • Fashion
    • Health
    • Travel
    “Mindy Kaling Shines in Vibrant Purple Minidress During White House Visit to Accept Prestigious Award”

    “Mindy Kaling Shines in Vibrant Purple Minidress During White House Visit to Accept Prestigious Award”

    Actress Sharon Stone Reveals She Lost “Half Her Money” in Banking Collapse

    Actress Sharon Stone Reveals She Lost “Half Her Money” in Banking Collapse

    “Inside the Breakup: Raquel and James’ Rocky Relationship Unfold on ‘Vanderpump Rules'”

    “Inside the Breakup: Raquel and James’ Rocky Relationship Unfold on ‘Vanderpump Rules'”

    Miyanna Coleman: Paving the Way for Midsize Models to Shine

    Miyanna Coleman: Paving the Way for Midsize Models to Shine

    Kyle Richards yet to meet her niece Paris Hilton’s newborn son, Carter James Reum

    Kyle Richards yet to meet her niece Paris Hilton’s newborn son, Carter James Reum

    Sports Commentator Stephen A. Smith Reveals Personal Beef with NBA Star Kyrie Irving

    Sports Commentator Stephen A. Smith Reveals Personal Beef with NBA Star Kyrie Irving

    Kim Kardashian Shreds Pounds and Looks Slimmer Than Ever Before

    Kim Kardashian Shreds Pounds and Looks Slimmer Than Ever Before

    Thelonious Stokes and Chance the Rapper Bring the South Side to Ghana

    Thelonious Stokes and Chance the Rapper Bring the South Side to Ghana

    Matthew McConaughey and Camila Alves’ Kids Steal the Show at Paris Fashion Week

    Matthew McConaughey and Camila Alves’ Kids Steal the Show at Paris Fashion Week

    Miley Cyrus Set to Showcase New Album on Disney+ Special ‘Miley Cyrus – Endless Summer Vacation (Backyard Sessions)’

    Miley Cyrus Set to Showcase New Album on Disney+ Special ‘Miley Cyrus – Endless Summer Vacation (Backyard Sessions)’

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Fashion
  • Tech
    So you can create your own mobile phone

    So you can create your own mobile phone

    IT’S A Hidden Only recently have people begun to understand that the iPhone contains a number of secret codes that unlock additional capabilities.

    IT’S A Hidden Only recently have people begun to understand that the iPhone contains a number of secret codes that unlock additional capabilities.

    Elon Musk orders Twitter staff to work every minute of every day on ‘blue tick’ charge

    Elon Musk orders Twitter staff to work every minute of every day on ‘blue tick’ charge

    Be programming prepared for 2023 with informational collections that permit your association’s areas of expertise to converse with one another

    Be programming prepared for 2023 with informational collections that permit your association’s areas of expertise to converse with one another

    Philips: Neue Monitorreihe „Evnia” mit QD-OLED, Smaller than expected Drove und mehr MMD,

    Philips: Neue Monitorreihe „Evnia” mit QD-OLED, Smaller than expected Drove und mehr MMD,

    Abbyson Unveils Second Evolution Of iTable Mini On A Quest For Innovation

    Abbyson Unveils Second Evolution Of iTable Mini On A Quest For Innovation

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
No Result
View All Result
New York Feature
No Result
View All Result
Home Lifestyle

The World’s Biggest Black-Owned Cannabis Company is founded by Diddy

by News Desk
November 15, 2022
in Lifestyle
0
35
SHARES
126
VIEWS
Share on FacebookShare on Twitter

The billionaire created “the first minority-owned, vertically integrated multi-state cannabis brand” by purchasing assets from Cresco Labs and Columbia Care in three states.

Sean Diddy Combs is adding to his impressive resume of triumphs.

The hip-hop entrepreneur entered the cannabis industry in a significant way, according to a news release given to ESSENCE. Combs reportedly consented to pay almost $185 million to acquire authorised marijuana businesses in three states. Two of the biggest cannabis businesses in the nation, Cresco Labs Inc. and Columbia Care Inc., are selling their cannabis operations.

In a press release, Sean “Diddy” Combs, Chairman and CEO of Combs Enterprises, stated: “My mission has always been to create opportunities for Black entrepreneurs in industries where we’ve traditionally been denied access. This acquisition provides the immediate scale and impact needed to create a more equitable future in cannabis. We will be able to promote diverse leaders throughout the ecosystem and be fearless advocates for inclusion because we will own the entire process, from growing and manufacturing to marketing, retail, and wholesale distribution.

According to a news release, Combs will be able to grow and manufacture cannabis products, wholesale and distribute those branded products to authorised dispensaries in significant urban areas like New York City, Boston, and Chicago, and run retail stores in all three states thanks to these vertically integrated New York, Illinois, and Massachusetts assets.

Sean Diddy Combs is adding to his impressive resume of triumphs.

The hip-hop entrepreneur entered the cannabis industry in a significant way, according to a news release given to ESSENCE. Combs reportedly consented to pay almost $185 million to acquire authorised marijuana businesses in three states. Two of the biggest cannabis businesses in the nation, Cresco Labs Inc. and Columbia Care Inc., are selling their cannabis operations.

In a press release, Sean “Diddy” Combs, Chairman and CEO of Combs Enterprises, stated: “My mission has always been to create opportunities for Black entrepreneurs in industries where we’ve traditionally been denied access. This acquisition provides the immediate scale and impact needed to create a more equitable future in cannabis. We will be able to promote diverse leaders throughout the ecosystem and be fearless advocates for inclusion because we will own the entire process, from growing and manufacturing to marketing, retail, and wholesale distribution.

According to a news release, Combs will be able to grow and manufacture cannabis products, wholesale and distribute those branded products to authorised dispensaries in significant urban areas like New York City, Boston, and Chicago, and run retail stores in all three states thanks to these vertically integrated New York, Illinois, and Massachusetts assets.
According to Charles Bachtell, CEO of Cresco Labs, in a news release, “Today’s announcement is bigger than the Transaction — and it couldn’t come at a time of greater relevance and momentum.”
“We’ve seen executive power used to address issues of cannabis injustice, we’re seeing bipartisan support for parts of federal reform, and some of the biggest and most powerful states in the nation have launched cannabis programmes that prioritise social responsibility – this announcement adds to that momentum. The deal represents a significant step forward for Cresco in completing the purchase of Columbia Care and strengthening our position as the market leader in one of the future’s most important consumer product categories. The significant presence of a minority-owned operator, led by one of the most successful and powerful businesspeople of our time, in some of the most important markets in the nation is significant—and extremely exciting—for an industry that needs more diverse leadership and perspectives. We are pleased to have Sean and his crew join the business.
“These assets offer the Combs’ team tremendous market exposure, enabling them to make the maximum effect on the industry as a whole,” stated Nicholas Vita, CEO and co-founder of Columbia Care. We have no doubt that Sean has the ideal team in place to continue the illustrious traditions of both Columbia Care and Cresco Labs facilities, and we can’t wait to see how his innovative leadership will help define the cannabis sector in the years to come.

Tags: HollywoodSean Diddy
Previous Post

Australia will soon have the stunning TOILETPAPER Beauty line.

Next Post

Corina Curatola Created her own Wealth and Career Path, and she’s Doing It For the Pure Joy of Helping Others.

News Desk

News Desk

Related Posts

“Mindy Kaling Shines in Vibrant Purple Minidress During White House Visit to Accept Prestigious Award”
Featured

“Mindy Kaling Shines in Vibrant Purple Minidress During White House Visit to Accept Prestigious Award”

by News Desk
March 23, 2023
Actress Sharon Stone Reveals She Lost “Half Her Money” in Banking Collapse
Featured

Actress Sharon Stone Reveals She Lost “Half Her Money” in Banking Collapse

by News Desk
March 18, 2023
“Inside the Breakup: Raquel and James’ Rocky Relationship Unfold on ‘Vanderpump Rules'”
Fashion

“Inside the Breakup: Raquel and James’ Rocky Relationship Unfold on ‘Vanderpump Rules'”

by News Desk
March 17, 2023
Miyanna Coleman: Paving the Way for Midsize Models to Shine
Fashion

Miyanna Coleman: Paving the Way for Midsize Models to Shine

by News Desk
March 16, 2023
Kyle Richards yet to meet her niece Paris Hilton’s newborn son, Carter James Reum
Fashion

Kyle Richards yet to meet her niece Paris Hilton’s newborn son, Carter James Reum

by News Desk
March 14, 2023
Sports Commentator Stephen A. Smith Reveals Personal Beef with NBA Star Kyrie Irving
Featured

Sports Commentator Stephen A. Smith Reveals Personal Beef with NBA Star Kyrie Irving

by News Desk
March 13, 2023
Next Post
Corina Curatola Created her own Wealth and Career Path, and she’s Doing It For the Pure Joy of Helping Others.

Corina Curatola Created her own Wealth and Career Path, and she’s Doing It For the Pure Joy of Helping Others.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

New York Feature

© 2022 New York Feature Powered By ZZED Tech Featuring Stories from NYC

Navigate Site

  • Lifestyle
  • Fashion
  • Business
  • Politics
  • Entertainment
  • Music
  • World
  • New York Feature
  • Crypto
  • Movie
  • NFT
  • Finance
  • Sports
  • Health
  • Tech

Follow Us

No Result
View All Result
  • Home
  • New York Feature
  • Business
  • Lifestyle
  • Fashion
  • Tech
  • Entertainment
  • NFT
  • Crypto
  • Music
  • Science
  • National
  • Movie
  • Sports
  • Travel
  • Politics
  • Health
  • World
  • Food

© 2022 New York Feature Powered By ZZED Tech Featuring Stories from NYC