The parent company of Marijuana Business Daily is involved in a legal dispute with its former president and publisher over several employment-related issues, including those tied to his termination, compensation and noncompete agreement.
Rhode Island-based Anne Holland Ventures recently filed a lawsuit in Denver County District Court alleging that George Jage violated the terms of his employment agreement after he unsuccessfully tried to buy Marijuana Business Daily.
According to the suit, Jage was terminated in April when he “repudiated his agreement to company policy including the written terms of the noncompete, non-solicitation and nondisclosure agreement.”
Anne Holland Ventures is seeking a declaratory judgment on these issues.
Jage has filed a response to the lawsuit, including a dozen counterclaims. He alleges – among other things – that he was wrongfully terminated and that the company didn’t live up to its compensation promises or his employment terms.
Jage is seeking monetary damages and dismissal of the claims against him.
Anne Holland Ventures declined to comment, and Jage was unavailable to comment.
Marijuana Business Daily, which is based in Denver, runs business-to-business publications, conducts market research and hosts trade shows.