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The Neighborhood “Gangbusters”: Avoiding RICO Cannabis Lawsuits

RICO cannabis landlord
RICO suits are not just busting up gangs these days.

The Racketeer Influenced and Corrupt Organizations Act (RICO) is a federal Nixon-era law originally intended to combat drug cartels and organized crime. Among other features, it allows average citizens claiming a loss in property value to bring suit for triple damages plus attorney?s fees against any "person" or "enterprise" that has a part in any neighboring "racketeering activity" which includes-you guessed it-"dealing in a controlled substance." Currently, federal law continues to classify cannabis as a Schedule I controlled substance-meaning it has no medicinal value, and is supposedly more dangerous than methamphetamine, methadone, hyd...

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