Snoop Dogg’s firm backs UK cannabis clinic with £4.5m | Cannabis Law Report | How to order Skittles Moonrock online

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The Observer reports

AUS-based venture capital firm co-founded by Snoop Dogg has invested £4.5m in the UK’s leading medical cannabis clinic. Mamedica, which launched in 2022 and is based in London, says it has 7,500 active patients under care for a range of chronic and neurological conditions, and is on track to double its patient base this year.

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Other private investors in the fundraising led by the rapper’s Casa Verde Capital – which is the largest in the sector in the UK to date – include former Premier League footballers Bobby Zamora and Mark Noble, and the strategic investor and art entrepreneur Jay Rutland.

Casa Verde’s investment is smaller than the average for the UK venture capital sector, which is seeing increased competition among investors for top deals. Figures compiled for The Observer by Pitchbook show that the top 10 deals this year have made up more than a quarter of total UK VC funding.