16.8.19

Mike Tyson reveals he earns $500K a month from his marijuana ranch in California.

Even before his luxurious California weed resort will fully come to life, former boxing champ Mike Tyson is already raking in huge amounts of cash from the marijuana business that he is currently operating in California.
The 52-year-old, at the moment, sells around $500,000 worth of cannabis each month from his 420-acre ranch in California, he said on his Hotboxin’ podcast on Monday. The former heavyweight champion further disclosed that he smokes $40,000 worth of pot every month, around ten tons of weed. Tyson, in June, gave details about his ongoing project to open a luxurious California weed resort where growers and guests can puff without any hindrance. The over-the-top weed resort in the middle of the California desert comes on the back of his 2016. The former fighter, who said weed helped him endure years of substance abuse after his boxing career, broke grounds for the cannabis resort project last year. The ranch, which will occupy 407 acres of space, is “designed to be a wonderland of weed with tourist attractions, a luxury hotel, glamping tents, a lazy river that will take a full hour to cross, and an amphitheatre for music festivals and concerts,” reports the Daily Mail. There will also be a Tyson University to teach cannabis-cultivation techniques to future farmers, the report added. Tyson said his aim is to educate the general public about the healing properties of cannabis and CBD. Tyson became the youngest heavyweight boxing champion of the world in 1986 when he was 20. In 1990, he lost his first fight and served three years in prison over rape charges. He had then become complacent and was being destroyed by alcohol and drugs. His name further came into disrepute after biting a boxer’s ear during a rematch in 1997. But what was his biggest nemesis were his struggles with women. His first wife, actor Robin Givens divorced him in 1989 over allegations of sexual abuse. She demanded access to Tyson’s money for a down payment on a $3 million home in New Jersey. Tyson’s game started falling apart and he became increasingly violent. His second wife, Monica Turner filed for divorce in 2003 after six years of marriage over accusations of adultery. Tyson, that same period, filed for bankruptcy following his excessive spending and even sold his mansion in Farmington, Connecticut. He had to sleep on couches of friends before getting to Phoenix, Arizona, where he bought a home. He raised money through the endorsement of products and making of cameos on television and in boxing exhibitions. Tyson has since joined a list of other black celebrities who are already making it big in the marijuana business such as rapper Snoop Dog, who owns Leafs by Snoop, a premier cannabis brand available in retail stores and medical dispensaries in Colorado, and Whoopi Goldberg, who has a medical marijuana company that cares for women suffering from severe menstrual cramps or aches.

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