The son of a power couple with direct ties to President Donald Trump has invested half a million dollars into an ancillary medical marijuana firm, the New York Daily News reported.
The Connecticut-based company specializes in products for MMJ cultivators.
The SBA has not commented on McMahon’s investment, but a source told the Daily News that Shane McMahon “thought (MMJ) was going to be a big boom and make a lot of money.”
Shane McMahon later sued EnviroGrow in an attempt to recoup his investment, however, and claimed he’d been duped by the company. The suit is ongoing.