The New York Daily News is reporting that Shane McMahon had filed a lawsuit last year that accused the owner of a company based in growing marijuana of duping him out of $500,000.
According to the report ‘McMahon had put up the money for a large stake in EnviroGrow, which was a company developed to sell prefabricated modules for growing marijuana in states where pot is legal for medicinal and recreational use.’
EnviroGrow was started in 2012 by Joseph Palmieri, the owner of Connecticut Tank, an environmental cleanup company. In the lawsuit, it accused Palmieri of misleading him about the state of the company.
The lawsuit said Palmieri told McMahon that the modules were the state-of-the-art in growing marijuana. McMahon invested in the company and went to Fort Collins, Colorado, to their manufacturing plant and according to the lawsuit, found it virtually nonexistent, and demanded a return of his investment money, and Palmieri refused.
