Could civil suits involving anti-racketeering laws be the next legal threat to the cannabis industry?
The cannabis industry has met its fair share of legal problems, to say the least. However, it appears the industry is in the midst of yet another legal issue, stemming from civil suits involving anti-racketeering laws. Indeed, we may have found the next legal threat to the cannabis industry.
‘Conspiracy’ Lawsuits: The Next Legal Threat To The Cannabis Industry?
Considering its longstanding status as a Schedule I narcotic, it should come as no surprise that there have been several roadblocks to making the cannabis industry a legitimate one. Most recently, a trio of suits alleging companies of being in violation of the Racketeering Influenced and Corrupt Organizations Act, or RICO. The first case—an almost three-year-old lawsuit in Colorado—is set to go to trial in Denver this July. In this particular case, a Colorado couple who own land adjacent to a licensed cannabis grow, allege they were being harmed by a licensed marijuana grower’s operation, citing “bad smell” and devalued property value due to the location of the grow operation in proximity to their home. As it stands, the couple is poised to win in the upwards of six figures because of cited RICO violations. Brian Barnes, the attorney who filed the original lawsuit, believes cases like this pose an immense threat to the burgeoning cannabis industry. Specifically, those with indirect ties to cannabis businesses.
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