Snoop Dogg Starting Marijuana Venture Capital Fund

Snoop Dogg is getting further into the marijuana industry by creating a venture capital business.

The venture capital company intends to raise $25 million to launch a fund focused on investing in marijuana industry startups.

Snoop Dogg is a managing member of the Los Angeles-based fund called Casa Verde Capital, L.P. (Casa Verde, when translated from Spanish, means ‘greenhouse.’) The filing reveals Casa Verde Capital as a venture capital fund and discloses that it is looking to raise $25 million from outside investors, with no minimum investment.

Ted Chung and Even Eneman are two executives from a talent agency and are partnering with Snoop Dogg as managing members of Casa Verde Capital.

Snoop Dogg has experience is investing. He has recently invested in Robinhood, a free stock trading platform targeted at young investors, and the social media site Reddit.