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Snoop Dogg's investment in cannabis tech company Dutchie is proving worthwhile with the Oregon-based firm now valued at $3.75 billion.

Bloomberg. The Bend, Oregon-based company has raised $350 million in funding, following a $200 million round seven months ago that valued Dutchie at $1.7 billion at the time. The firm is continuing to grow as new states legalize cannabis and others expand their current offerings. We believe cannabis is good for humanity, and were committed to doing our part to propel this remarkable industry forward based on that core belief, Dutchie CEO and co-founder Ross Lipson said in a press release. We are powering cannabis commerce through the products and support that we provide our dispensary partners. Were working arm-in-arm with our customers to create safe and easy access to cannabis while opening peoples hearts and minds to the good it can do. TechCrunch reported Snoop Dogg and NBA star Kevin Durant invested in Dutchie as far back as September 2018. Our new Series D funding from D1 Capital Partners, new, and past investors, will power the future of cannabis commerce. Read more: https://t.co/Pos3s1LFI9 Read more