Snoop Dogg Has Raised Over $40 Million For Marijuana Investments

By on March 16, 2018

We’re still waiting for Snoop to jump on one of our favorite Sativa strains from yesteryear, The Dogshit. Or the DS, in polite company. Little bit heady, lot of energy, it’s your 30 mile mountain bike race Sativa.

At this point, the name Snoop Dogg is synonymous with cannabis. His passion for weed has never shaken. In fact, Snoop Dogg has raised over $40 million for marijuana investments.

When it comes to cannabis, few have made as large of an impact as Snoop. In 2015, he co-founded Casa Verde Capital, a venture fund specializing in the ‘ancillary’ side of the marijuana business. Or in other words, the parts of the burgeoning cannabis business that don’t actually deal with the plant itself. This includes, but is not limited to, health, tech, financial services, technology, media, compliance, and laboratory technology verticals.

“We’re writing seed-stage to Series A-size checks, so $1 million plus, with roughly half our fund reserved for follow-on investments, where we can write another $3 million to $5 million,” Wadhera explained. ” And we’re only focused on the ancillary part of the cannabis industry, so we won’t invest in companies that touch the plants. No dispensaries or cultivators or manufacturers. We’re investing in the picks and shovels.”
Via hightimes.comhightimes.com

You must be logged in to post a comment Login