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.
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 expected to bother on the cultivation or production of medical marijuana, which is legal in some states of America. it will also 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. He is also allegedly making millions of dollars from pimping.
Proponents of medical marijuana argue that it can be a safe and effective treatment for the symptoms of cancer, AIDS, multiple sclerosis, pain, glaucoma, epilepsy, and other conditions. They cite dozens of peer-reviewed studies, prominent medical organizations, major government reports, and the use of marijuana as medicine throughout world history.
Opponents of medical marijuana argue that it is too dangerous to use, that various legal drugs make marijuana use unnecessary. They say marijuana is addictive, leads to harder drug use, interferes with fertility, impairs driving ability, and injures the lungs, immune system, and brain. They say that medical marijuana is a front for drug legalization and recreational use.
