Mike Tyson makes 500,000 dollars per month from marijuana
However, he also confessed to smoking $82,000 of his own supply every month.
Mike Tyson earned a mint as a boxer, film star, and most recently a public speaker, but it's his latest transformation as a drug dealer that could set him up for life.
After retiring from boxing, Mike Tyson has dedicated time to his own businesses, one of which has to do with cannabis plantation. His company is called 'Tyson Ranch' and is located in the US state of California, where marijuana use has been legalized since 2016, Marca reported.
According to the publication Cheat Sheet, Tyson earns a staggering 500,000 dollars a month from the aforementioned business. However, he also confessed to smoking $82,000 of his own supply every month.
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In fact, Tyson smoked a giant joint in front of the cameras during an event with rapper B-Real and had previously acknowledged that he had smoked marijuana before a fight against Andrew Golota back in 2000. It is estimated that the retired boxer made a fortune of 584 million dollars during his career after a total of 56 fights. Later he came close to bankruptcy, before creating his own marijuana business.
After years of substance abuse with drugs including cocaine, Tyson found comfort in marijuana, which is legal in California.
Fox Sports reported that it made him, as he's the first to admit, a much calmer person.
It encouraged him to partner up with businessman Rob Hickman four years ago, who pointed out what a difference weed has made to the ex-boxer's life.
"I thought about how much good I could do by helping people with cannabis," Tyson told Cannabis Tech Today. "It was a no-brainer."
"I've been fighting for over 20 years, and my body has a lot of wear and tear," he explained.
"I had two surgeries and I used marijuana to calm my nerves, and it would take the pain away …
"But before, they had me on those opiates, and those opiates had me all screwed up."
On a recent episode of his 'Hotboxin' with Mike Tyson podcast, he revealed that Tyson Holistic makes around $1 million.
Tyson Holistic's goal is to engage in the debate of the healing properties of cannabis, and its ingredient CBD.
His company produces a CopperGel product, infused with CBD, that is clinically proven to provide relief from muscle joint pain and arthritis, as well as CBD doggy treats.
In 2018, Tyson revealed his bold plan to expand his weed empire to a cannabis-themed theme park.
According to Fox Sports, a map of the elaborate Tyson Ranch, built over 418-acres, showed off what punters can expect.
Described as the "wonderland of weed", guests will be able to smoke marijuana anywhere within the resort, except where alcohol is sold.
But rather than be a hotspot for spring breakers looking to get high, it'll be a holiday destination that promotes health and wellness.
If you were thinking this was a Walter White/Jesse Pinkman Breaking Bad-style operation, you'd be wrong.
Despite being head of a weed empire, Tyson doesn't actually grow any of the marijuana himself.
According to the Tyson Holistic website, it is sourced and inspected to reach its high-standards before it is given its seal of approval.
His strains are grown indoors, harvested based on maturity, cured over 30 days to ensure natural flavonoids, naturally derived, hand-trimmed, pesticide-free and lab tested.
It is estimated that the boxer amassed during his career a fortune of $584 million in a total of 56 fights, although he was later close to bankruptcy, so he had to create his own business... this time of marijuana.
