By Damilola Faustino
Snoop Dogg is usually seen in music videos smoking cannabis so it comes as no surprise that the rap star has made this decision.
Snoop’s fund, Casa Verde invested $2 million in Trellis’ software that helps companies comply with US inventory management and security requirements; the company also stays on top of regulations to ensure its own clients are compliant.
The funding will be used to expand into additional US markets and scale to accommodate increasing demand.
Casa Verde makes early-stage investments in cannabis companies that do not touch the plant, but rather provide ancillary products and services to the emerging industry.
Pranav Sood, the CEO of Trellis said: “We are at a pivotal point in the industry where the market is expanding with new regulations and operators are experiencing growing pains. This makes it all the more important to have strong tools and procedures in place. We are thrilled to have been able to attract such a strong team of beta clients, investors, and advisors to support us in our vision.”