British American Tobacco Invests $37M In German Cannabis Company, Joining Snoop Dogg British American Tobacco (BAT) (NYSE: BTI ) is investing in German cannabis company Sanity Group GmbH along with Snoop Dogg’s Casa Verde Capital as part of the tobacco giant’s bid to diversify beyond nicotine. On Monday, Bloomberg reported that Sanity secured $37.6 million in a BAT-led Series B funding round. According to Age Hänsel , founder and CEO of Sanity, the financing will be used partly to strengthen the firm’s medical marijuana business and prepare for the legalization of adult-use cannabis in Germany, expected for 2023. Germany decriminalized medical cannabis in 2017, and now analysts at the Institute for Competition Economics (DICE) Full story available on Benzinga.com