if 22.04 do

sudo nano /etc/default/grub

edit the following line to match

GRUB_CMDLINE_LINUX="cgroup_memory=1 cgroup_enable=memory swapaccount=1 systemd.unified_cgroup_hierarchy=0"

then

sudo update-grub
sudo reboot

Nevertheless the issue is resolved I had a conflicting Docker version installed using snap during installation of the VM, which clashed with the one I installed afterwards.