In what sure feels like the preamble to a story about a WWE Wellness Policy violation, it’s being reported by the New York Daily News that Shane McMahon invested a whopping $500,000 into the rapidly growing legal marijuana industry — and now he is filing a lawsuit over that very same investment.
Back in 2015, McMahon spent a half-million dollars to buy a large stake in EnviroGrow, a Connecticut-based company which specializes in building out cannabis-growth facilities anywhere from 5,000 to 200,000 square feet in size. The company was founded in 2012 and has since expanded to Colorado, where marijuana is very legal and very plentiful.
However, it’s that Colorado plant which caused McMahon to grow concerned about where his money was going — according to the lawsuit, he visited the plant in Fort Collins only to find it “virtually nonexistent.” He has since demanded EnviroGrow founder Joseph Palmieri return his money, and unsurprisingly, Palmieri refused.
“EnviroGrow is a viable company,” Palmieri tells the New York Daily News. “It’s a great little business and it’s up and coming.”
Granted, Shane has an estimated net worth of $35 million— heck, he made $2.15 million in WWE just last year — but $500,000 is still a ton of money. While it’s unsurprising that Palmieri denies McMahon’s claims, he might want to watch Vince McMahon’s promo on Smackdown Live a few weeks ago where he proclaimed he’s never lost a lawsuit. Something tells me no one in the McMahon family is going down without a fight. Honestly, do you really want to go toe-to-toe with a guy who’s jumped off Hell In A Cell (and is likely going to do it again this Sunday)?
