After recently investing in Reddit and the zero-fee stock trading platform Robinhood, Snoop Dogg‘s sense for business opportunities has found its latest project. According to TechCrunch, the Doggfather is putting together a fund specifically to invest in cannabis startups, intending to $25 million to fund the young, but fast-growing legal marijuana industry. Don’t get it twisted though, the fund is not affiliated with the cultivation production of cannabis but is rather focused on the growing legal cannabis industry. This could turn into a smart move. First, Snoop is a known expert in this field, and second, there’s been a significant flow of venture money into weed startups as states have begun legalizing the drug for both medical and recreational use.
Join Our Discussions on Discord
The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.