Snoop Dogg-backed medical marijuana company seeks Big Pharma funding

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The U.K. medical marijuana company backed by Snoop Dogg’s venture firm is targeting Big Pharma in its latest fundraising round and said drugmakers getting involved in cannabis would help validate the burgeoning European industry. Oxford Cannabinoid Technologies Ltd. is working on breaking cannabis extractions down to their constituent parts then investigating potential uses in immunology, oncology, neurology and pain relief, OCT Chairman Neil Mahapatra said.

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