Snoop Dogg’s marijuana firm Casa Verde invests $10M in a UK cannabis research company, making bigger strides for his venture capital company.
Snoop Dogg’s marijuana firm Casa Verde’s investment of $10M is considered to be one of the largest into Oxford Cannabinoid Technologies (OCT), which has been seeking out funding for a research partnership and laboratory in Europe, Green Rush Daily reports.
OCT will back Casa Verde’s research in pain and inflammation therapies, cancer treatments, and remedies for gastrointestinal diseases.
“I am proud to become a patron of OCT,” said the Star Trek actor Steward.
He added: “It’s wonderful that OCT has got together the funding that means that Britain will lead the way in what is, in my view, one of the world’s most exciting fields of medical research. The possibilities seem to me to be virtually limitless.”
The 77-year-old actor, known for his Star Trek role among others, already knows about the medical benefits of marijuana. Stewart used cannabis to treat his arthritis while living in California, the US state where both medical and recreational marijuana is legal.
Snoop Dogg’s company continues to make headlines.
In March, Casa Verde closed its debut fundraising campaign with $45 million. Last year, when Canada was marching towards legalization of marijuana, Casa Verde invested $2 million in the Toronto-based seed-to-sale software provider Trellis.[share-btn]