Big-Name Tech Investors Pour Millions Into Marijuana

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Big-Name Tech Investors Pour Millions Into Marijuana

123rf.com / Dmitriy Shironosov / Standard License.

The storied Silicon Valley venture firm Benchmark Capital has launched a slew of tech companies: Twitter, Uber, Snapchat, Instagram. Now its search for the next big thing has led it to … pot.

Benchmark recently invested $8 million in Hound Labs, a startup here in Oakland that’s developing a device for drivers — and law enforcement — to test whether they’re too buzzed to take the wheel.

And that’s just the start.

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