Snoop Dogg Reportedly Planning To Invest In Marijuana Industry

Posted: 2015-02-10T10:18:37Z

According to Tech Crunch, the rapper and weed aficionado is putting together a fund to invest in cannabis-related startup businesses, to take advantage of the fast-growing legal marijuana industry.

Watch Snoop Lion 'Smoke The Weed' below

The website's sources claim that Calvin Broadus Jr. (Snoop's real name) is looking to raise $25 million to fund his business venture, but no specific details have emerged yet.

The venture is not expected to have anything to do with the cultivation or production of marijuana, which is legal in some states of America - instead, it will focus on technology affiliated with the industry.

This isn't the first business investment in which the rapper has been involved - he's previously invested in Reddit and stock trading platform Robinhood.