Shane McMahon Invested Money Into Legal Marijuana Company

Here comes the money.

According to a new report from the New York Daily News, Shane McMahon has invested $500,000 into a legal marijuana company based in Connecticut. The company, EnviroGrow, produces pre-fabricated modules for growing pot, and sells them in states where the drug is legal for medical or recreational use.

However, things went south, and McMahon has filed a lawsuit against the company. From the article:

Shane McMahon revealed his interest in EnviroGrow in a lawsuit filed in a Connecticut court last year in which he accused the company’s owner of duping him about the state of the company.

The lawsuit says that Palmieri had approached McMahon about investing, telling him that the modules were state of the art, allowing for “around-the-clock growth in a climate-controlled environment that was safe from theft.”

After making the investment, McMahon traveled to Fort Collins, Colo., to inspect EnviroGrow’s manufacturing plant, but found it virtually nonexistent, according to the lawsuit.

McMahon said that he demanded the return of his investment, but Palmieri refused.

The lawsuit is ongoing, but Palmieri has denied all the allegations in the lawsuit.

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Editor’s Note:

I can see both sides of the issue here. While I am not a pot-smoker, if it is legal to do so in certain states, how Shane chooses to invest his money is his business. However, this also could cause some political conflicts of interest for his mother, Linda, so we’ll see how this all plays out.

What do you think of Shane McMahon’s decision to invest money in a marijuana company? Leave us a comment below, or post a comment on our Facebook page!

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