Pot, property values are focus of upcoming federal trial
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. [T]he anti-racketeering law also allows private parties to file lawsuits claiming their business or property has been damaged by a criminal enterprise. Those who prove it can be financially compensated for damages times three, plus attorneys' expenses.
I wrote about this theory a long time ago. It is especially bad because it has a legitimate legal theory on which to get recovery and the argument can be made by most anyone who's property could be impacted by a cannabusiness. If neighbors start winning such suits, the legal landscape will change.