Cannabis company Indose announced it has raised $3.5 million.
The Series A funding round was led by Casa Verde Capital, a venture capital firm that specializes in innovative marijuana companies. The firm counts rapper Snoop Dogg as a partner.
Woodland Hills-based Indose develops disposable vape pens that deliver an accurately measured amount of THC, the primary psychoactive ingredient in marijuana, to the user through an LED display that shows the amount inhaled in increments of 0.5 milligrams.
Indose plans to use the funding for research and development, filing for patents and obtaining medical device certification.
The company was founded in 2015 by chief executive Benzi Ronen. Its products can be found in select cannabis dispensaries and are expected to roll out more widely later this year.