Lawsuit over pot, property values could have broad impacts
Marijuana Business, Stocks, Finance, & Investing October 28, 2018 MJ Shareholders 0
DENVER — A federal trial in Colorado could have far-reaching effects on the United States’ budding marijuana industry if a jury sides with a couple who say having a cannabis business as a neighbor hurts their property’s value.
The trial set to begin Monday in Denver is the first time a jury will consider a lawsuit using federal anti-racketeering law to target cannabis companies. But the marijuana industry has closely watched the case since 2015, when attorneys with a Washington, D.C.-based firm first filed their sweeping complaint on behalf of Hope and Michael Reilly.
One of the couple’s lawyers, Brian Barnes, said the Reillys bought the southern Colorado land for its views of Pikes Peak and have since built a house on the rural property. They also hike and ride horses there.
Read the rest of this story on DenverPost.com.
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