Sean 'Diddy' Combs paying $185 mln for cannabis stores

Cresco Labs Inc. and Colombia Care Inc. on Friday confirmed plans by rap music mogul Sean "Diddy" Combs to pay up to $185 million for licensed cannabis companies in New York, Massachusetts and Illinois. The Wall Street Journal initially reported the transaction. The deal will create the first multi-state cannabis operator owned by a minority. Combs would acquire stores on the selling block as a result of the pending all-stock merger between Cresco Labs and Colombia Care. The deal includes...