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Snoop Dogg raising funds for marijuana tech start-up firms

Hip-hop veteran Snoop Dogg is aiming to raise $25 million to invest in start-up technology businesses affiliated with the legalized marijuana industry.

The Drop It Like It's Hot hitmaker, a well-known weed aficionado, is looking to cash in on the growing popularity of the cannabis market, which is now completely legal in Colorado, Washington, Alaska and Oregon, and is reportedly putting together the funds to finance new business ideas, according to Techcrunch.com.


Representatives for the rapper have yet to comment on the story, but Snoop is no stranger to the tech world after investing in online forum Reddit.com.