Business & Tech
Greenwich's Shane McMahon Invested $500,000 In Legal Cannabis Business: Report
His mother is Trump Administration Cabinet member Linda McMahon, head of the Small Business Administration.
GREENWICH, CT — Shane McMahon, son of federal Small Business Administrator Linda McMahon and scion of the billion-dollar World Wrestling Entertainment empire, has invested $500,000 in a Connecticut-based firm that makes products to help grow cannabis, reports the New York Daily News.
A couple of years ago, McMahon poured the money into EnviroGrow, which bills itself as "the most complete grow buildout solution for new cannabis facilities."
With that investment, McMahon obtained a stake in the company, but he is now suing EnviroGrow to get his money back, because he believes he was misled by the company's founder, Joseph Palmieri, on the state of the business, according to the publication.
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