P Diddy is making a big move into the cannabis industry with the purchase of two major pot companies. The deal, worth $185 million, gives Diddy a controlling stake in the companies and makes him one of the largest minority owners in the cannabis industry. The move comes as cannabis becomes increasingly mainstream, with more states legalizing the drug for medical and recreational use. Diddy is no stranger to the cannabis industry, having invested in a number of weed companies in the past. However, this is his biggest investment to date and signals his intention to become a major player in the growing industry. With his new companies, Diddy plans to target the African-American community, which has been disproportionately affected by marijuana laws. By providing quality products and services, he hopes to create opportunities for black entrepreneurs in the cannabis industry.
