“Uber for marijuana”: Snoop Dogg’s newest business investment

The San Francisco-based startup company Eaze, which provides a marijuana delivery service, recently raised $10 million from various investors including DCM Ventures, 500 Startups, Fresh VC, and Snoop Dogg’s Casa Verde Capital.

As one of the first companies of its kind to garner that much investor support, Eaze’s success raises questions about the marijuana industry’s emergence at a time when the legal status remains hazy. Under federal law, to grow, sell, or consume marijuana remains illegal. The US Justice Department has chosen not to enforce the law in states where the drug has been legalized. For businesses, that raises questions about marijuana sold across state lines.

But Eaze is plunging ahead. Based on the instant delivery, community powered premise the Uber car-service made trendy in the startup community, Eaze connects medical marijuana users in California to local dispensaries through a mobile app. Like Uber, it utilizes delivery drivers. READ MORE.