A bad year for weed stocks is a good year for outside investors who haven’t lost money on the market’s decline, said the lawyer who counseled music mogul and entrepreneur Sean “Diddy” Combs through the regulatory challenges of his latest business venture: cannabis.

On Nov. 4, the Wall Street Journal reported Diddy and his company, Combs Enterprises, have agreed to purchase nine retail cannabis stores and three production facilities in Illinois, New York and Massachusetts for a total of $185 million, laying the groundwork for the first vertically integrated, minority-owned, multi-state cannabis operator in the country.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]