Puff Daddy had a big move into the legal weed industry lined up.
However, the deal fell apart.
Diddy had planned to buy marijuana operators Cresco Labs and Columbia Care for $185 million.
The deal was contingent on Cresco and Columbia merging. While management had reached an argument to do so, the shareholders didn't give the merger the O.K and the lack of a merger terminated Puff's deal.
Puff says the Combs global empire is now looking at other ways to diversify the cannabis industry.
Discuss
News
YMW Melly Responds To Kendrick Lamar Mentioning Him In Drake Diss / News
News
Drake Likes News Of Rick Ross's Plane crash / News
News
Suge Knight Takes Issue With How Kendrick Lamar is Classifying Drake / News
News
50 Cent Comments On Chris Brown Possibly Buying The Seats At Quavo's Empty Show / News
News
The Game Disses J. Cole, Says Today's Rap Beefs Are 'Watered Down' / News
News
Al Green Reacts To Being Sampled On Kendrick Lamar's Drake Diss "6:16 In LA" / News