Snoop Dogg-backed cannabis investment fund Casa Verde Capital raises another US$100 million

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Casa Verde Capital believes the cannabis industry is set to rebound as the investment fund co-founded by Snoop Dogg has closed on US$100 million in funding, reports Tech Crunch. Snoop Dogg isn’t the only cannabis entrepreneur who has been able to raise money despite the COVID-19 pandemic. The fund is managed by Karan Wadhera, who last spoke with Tech Crunch in July. Bruce Linton raises $150 million for a hemp company during a pandemic Kevin Durant and Snoop Dogg invest in new cannabis delivery service Wall Street’s Marijuana Madness Reminds Investors Of Dotcom Boom The latest round of funding more than doubles Casa Verde’s debut fund, which closed at US$45 million. Subscribe to the Cannabis Post newsletter.

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Casa Verde Capital believes the cannabis industry is set to rebound as the investment fund co-founded by Snoop Dogg has closed on US$100 million in funding, reports Tech Crunch.

The fund is managed by Karan Wadhera, who last spoke with Tech Crunch in July. In that interview, Wadhera said the public perception of cannabis is not too dissimilar to the dotcom bubble of the late ’90s, with many investors falling prey to valuations not rooted in reality, but that the industry was beginning to stabilize. Wadhera pointed...

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