Snoop Dogg Invests $10M Into British Weed Company [View all]

Founded in 2017, Oxford Cannabinoid Technologies just wrapped up a $10M Series A fundraising round to support its research into medical cannabis.

Today, Snoop Dogg is more than just an icon of cannabis culture. He’s also, thanks to Casa Verde Capital, a major player in the international cannabis industry. Casa Verde is Snoop’s venture capital firm. And on Thursday, it announced a $10 million investment in a young medical cannabis research firm in the UK.

British Medical Cannabis Firm Gets $10M Investment from Snoop Dogg and Tobacco Giant
Oxford Cannabinoid Technologies is a British biotech firm that specializes in conducting research into the medical applications of cannabis. Last week, OCT wrapped up a Series A round of fundraising to raise capital for a research partnership and laboratory in Europe.

Snoop Dogg’s Casa Verde venture capital firm made one of the largest investments, alongside Imperial Brands Ventures Ltd. Imperial Brands is a global tobacco giant, and it’s teaming up with Snoop Dogg to invest in OCT. Imperial owns major tobacco brands like Kool, Salem, and Winston. But lately, the company has been positioning itself to make major moves into cannabis. Last year, Imperial added Canadian cannabis executive Simon Langelier to its board. Imperial has also added pharmaceuticals, vaporizers and other consumer products to its portfolio.

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