Shane McMahon Suing Marijuana Company He Invested Into

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Now after wanting his money back and the company refused, McMahon is trying to get his investment back.

According to a new report from the New York Daily News, Shane McMahon has invested $500,000 into a legal marijuana company based in CT.

Shane injected the half-million sum into Connecticut-based company EnviroGrow in 2015, a firm which profits by selling pre-fabricated pot incubation modules to states where the drug is legal, either for medicinal or recreational use. A source with knowledge of the situation claimed that Shane hoped there would be a "big boom" that would generate a lot of money.

The New York Daily News has today reported that a year ago, Shane McMahon filed a lawsuit against a legal marijuana company after they apparently swindled him out of $500,000.

Another is that marijuana is illegal under WWE's Wellness Policy.

Shane McMahon is the son of WWE founder and CEO Vince McMahon and his wife Linda McMahon. The Small Business Administration (SBA) is in charge of providing loans to startup companies throughout the United States.

EnviroGrow was started in 2012 by Joseph Palmieri, the owner of Connecticut Tank, an environmental cleanup company.

YOU On Demand wasn't the only company that Shane was involved with, and now it's come to light that he invested $500,000 in a marijuana growing business.

The lawsuit states that the company's owner approached Shane about investing in the modules with the idea that they were state of the art, but after Shane made the investment he traveled to Colorado to check out the manufacturing plant only to find out that it was virtually nonexistent. "It's a great little business and it's up and coming".

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