A lot of astute and famous investors are jumping on the marijuana startup bandwagon, such as Peter Thiel, Ashton Kutcher and Justin Bieber. Now the famous blogger Snoop Dogg, who is now also going by the name Snoop Lion, is setting up a venture capital fund to invest in marijuana startups. Cannabis companies have been cropping up like weeds. Although many of these startups may go up in smoke, the ones state survive can pay off big time.
According to sources reported by TechCrunch, Snoop Dogg is raising $25 million to invest in startups related to the pot business, primarily in technology related companies in the weed industry.
Snoop Dogg isn't a novice in the investing field, as he has a;ready invested in Robinhood and Reddit. It will be interesting to see what companies he chooses to invest in. For a list of numerous marijuana stocks, go to WallStreetNewsNetwork.com.