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Rapper & businessman Diddy buys three Central Mass. cannabis businesses as part of $185M deal

Sean “Diddy” Combs – the rapper, businessman, and producer – is buying three cannabis businesses in Worcester and Leicester, as part of a $185-million deal to buy 12 marijuana locations in Massachusetts, New York, and Illinois.

🔒For some banks, doing business with the billion-dollar marijuana industry is well worth the risk

Shortly after Massachusetts residents voted to legalize recreational marijuana for adult use, officials at BayCoast Bank realized there could be a problem.

Regulators see Massachusetts at cannabis crossroads

Five years since its creation and now made up entirely of a second wave of commissioners, the Cannabis Control Commission and the legal marijuana sector that it oversees are at a critical crossroads and regulators are gearing up for a rulemaking round that one commissioner said could "make or break" the industry here.

EforAll to offer Spanish-language Central Mass. accelerator program for the first time

Entrepreneurship for All, a Lowell-based nonprofit which provides entrepreneurs aid through mentorship and classes, will be offering its year-long business accelerator program in Spanish for the first time in Central Massachusetts, starting in January.
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Following $2M sale, Leicester property to become 45-dock warehouse

A 267,000-square-foot Class A warehouse will be constructed on a plot of land at 90 Huntoon Memorial Highway in Leicester.

🔒How proposed cannabis laws seek to bring more equity to industry

Six years after cannabis legalization, the fledgling industry remains unequal. But two new bills aim to make good on that promise of bringing equity.

Shrewsbury Street diner property sold to Leicester restaurateurs 

The property of the former Mac’s Diner on Worcester’s Shrewsbury Street has been sold to a Leicester restaurateur, according to the Worcester South District Registry of Deeds.

🔒Looking back at PPP’s legacy in Central Mass.

Overall, more than 20,000 PPP loans for a total of $1.8 billion were given out to businesses across Worcester County, with more than 4,800 and $450 million of those loans going to businesses within the city of Worcester, according to data from the SBA.
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🔒WooSox provide free housing to players for first time, amid housing affordability crisis

Finding stable housing has always been a challenge for low-income earners, but the problem has ballooned in places like Worcester where the average rent is growing about 10 percentage points faster than the average income.

Braintree developer to develop Leicester land into industrial warehouse

A swath of vacant land in Leicester sold for $2 million on Wednesday and will likely be developed into an industrial warehouse, according to Will Kelleher, principal at Worcester-based Kelleher & Sadowsky Associates, Inc., which was the exclusive sales agent on the deal.
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