Snoop Dogg-Led Investment Fund Casa Verde Capital Closes Nearly $100 Million Round

Cannabis investments are heating up yet again. This time, it’s good news for Casa Verde Capital, the fund run by Snoop Dogg (real name Calvin Broadus), Ted Chung, and Karan Wadhera. Casa Verde closed a nearly $95 million round, according to a Form D filed this week with the Securities & Exchange Commission. 

This is the third successful fund for Casa Verde but by far the largest to date. The first was in 2015, with the group closing $25 million, while a second closed in 2018 with $45 million.

Casa Verde has amassed a portfolio over the last half-decade valued at roughly $200 million, according to TechCrunch. The investment fund has helped several prominent cannabis industry companies, including delivery behemoth Eaze as well as LeafLink, an online wholesale directory.

The successful round is yet another shining example of how the cannabis industry is bouncing back, despite a burst bubble in 2019 and the subsequent coronavirus pandemic. Analysts believe 2021 could be a banner year for the marijuana marketplace, especially after election outcomes demonstrating unilateral support for legalization in the United States.