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Snoop Dogg-Backed Tech Firm Powering Pot Industry Valued at $3.75 Billion
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Dutchie, a technology platform for cannabis dispensaries, has raised $350 million in funding, bringing its valuation to $3.75 billion, according to a company statement Thursday.
The new round of funding more than doubles the value of the company and comes seven months after a $200 million round that valued it at $1.7 billion. Dutchie, based in Bend, Oregon, is growing as new states legalize recreational cannabis or expand their existing offerings.