Racketeering charges are a threat to the entire business
by Jana Weltzin | Marijuana Venture Magazine
An alarming trend of private citizens filing RICO claims targeting business owners, state public servants, accountants and landlords has emerged within the cannabis industry.
The Racketeer Influenced and Corrupt Organizations Act (RICO) is the 1970 federal statute aimed at eliminating the infiltration of organized crime and racketeering into legitimate organizations operating in interstate commerce.
The use of a RICO complaint is not a new scare tactic. It’s been used before to target the tobacco industry and clinics performing abortions, as well as a form of protest against health care fraud and police misconduct.
