Venture Capital
In a first for the legal marijuana industry, a prominent venture capital firm has made moves to cash in. Hound Labs, an Oakland-based startup that makes a breathalyzer for marijuana, announced a new $8.1 million round of funding led by Benchmark Capital. In the past, the Silicon Valley venture firm made early bets on Uber, Snap, Dropbox, and WeWork, among other technology giants.

In this article