Mike Tyson is Latest To Enter The Lucrative Marijuana Market

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Mike Tyson is going green - as in a 40-acre cannabis farm, taking advantage of California's new law legalizing the recreational use of marijuana, SFGate.com reported.

One of Tyson's business partners Robert Hickman told The Blast that the desert area in California City - approximately 65 miles southwest of Death Valley National Park - is "primed to be cultivated".

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Medical marijuana has been legalised in the state of California for the past 20 years and Tyson's ranch will look to carry out research to help develop it's clinical benefits.

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The Tyson Ranch stands to make quite a fortune if current trends continue.

The facility will also include an amphitheater for presentations, a hydro-feed plant and supply store, an extraction facility, an edible factory, and a garden, according to the report.

Additionally, Tyson Holistic - which operates the ranch - makes a strong effort to employ men and women who have served in the armed forces.

Tyson recently trademarked the name "Iron Mike Genetics" for use at the cannabis resort.

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Tyson is not the first former sportsman to make the move into marijuana market either.

Mike Tyson at one point during the height of his boxing career was worth upwards of $300 million until he declared bankruptcy in 2003.

The Tyson Ranch has already begun promoting the facility's production near California City, and reportedly has Mayor Jennifer Wood's seal of approval. This provided Tyson, and others, the opportunity to sell the drug legally with a license. In 2000, he was fined $200,000 after testing positive for weed after a fight in Detroit. He also said he used marijuana when he was sentenced for cocaine possession in 2007.

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