P Diddy has recently turned into the most recent hip-hop billionaire. Now, the famous rapper wants to create turmoil in the cannabis world, announcing his plans to invest $185m in cannabis businesses.
Here’s why the cannabis industry is in the spotlight and why he might consider investing in BudBlockz.
P Diddy Wants to Create the Largest Cannabis Business
P Diddy’s planned deal for $185 million will turn into the largest cannabis business in the world, massively increasing Black participation in this industry. While 39 out of 50 states legalized weed for medicinal purposes and 19 for recreational use as well, the industry is still stained by social stigma.
The famous rapper’s initiative will further create opportunities in this field, especially as cannabis products represent the fastest-growing industry in the US. The acquired business is a multistate cannabis operator and owns the entire process, ranging from growing weed to manufacture and distribution.
BudBlockz – A Unique Player in the Global Marijuana Industry
Thanks to the large move into the cannabis world worth $185 million, BudBlockz may be next on the list. While large, established, brick-and-mortar companies are highly profitable in this industry, BudBlockz has the first-mover advantage. It combines the cannabis industry with the investment world and the booming crypto space, resulting in a win-win-win combo for consumers, businesses, and investors.
BudBlockz is a new project in this space, but it has created a massive buzz in the media thanks to its many use cases and benefits for the platform’s users. Perhaps one of the main disruptions is that BudBlockz will finally create a secure, transparent marketplace for marijuana transactions from all around the world.