Master P apparently joined the legal cannabis industry back in November of 2016 with the launch of his own brand, Master P’s Trees. P claims he struck a deal with Privateer Holdings in March 2017 to produce and distribute his products in California. According to the documents, the deal was reportedly for 1 year, and Master P would promote the brand and cover half the production costs — profits would be split down the middle. The official product launch was set for a July music fest where P was performing.
However that didn’t go originally planned. In fact, according to P’s lawsuit, Privateer jumped ship on the deal in late July and left Master P to pay for all the costs. As a result, P is suing Privateer Holdings for breach of contract and fraud, claiming they never really wanted to work with him but rather get “an inside look into the urban and hip-hop demographic of cannabis users” for its own benefit.
Master P is reportedly suing for at least $25 million dollars in lost profits and damages. Whether or not he gets all that is another question, but that’s a hell of a lot of money.
This latest lawsuit from Master P comes a few weeks after he made headlines for coming to the defense of Colin Kaepernick, and wanting to help him start a new football league. “I’ll help him start his own league,” Master P said, who seemed to be sharing similar thoughts that Diddy did not long ago about football league ownership. “I think he should, I mean he’s a great football player. I think the NFL should have some competition.”