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Former heavyweight champ Mike Tyson breaks ground on 40-acre marijuana farm in California

January 3, 2018  |  Posted by: Francesca Falzarano
Former heavyweight champ Mike Tyson breaks ground on 40-acre marijuana farm in California

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Mike Tyson now has his visions set on taking over the legal marijuana business.

Last week, the former heavyweight champion broke ground on a facility located in the California desert that will produce high-quality marijuana.

The Tyson Ranch is going to be comprised of 40 acres of land in California City, which is 60 miles southwest of Death Valley, according to the Blast.

Half of the land will be used to grow cannabis that “will allow growers to have maximum control of the environment.”

The ranch will also include a Tyson Cultivation School created to teach producers the latest techniques in cannabis production.

Mke Tyson is a believer in the medical and healing benefits of marijuana, which is why the facility will also seek to advance research into the potential benefits of medicinal marijuana, particularly CBD.

CBD is said to have no psychoactive qualities and has used in the past to manage inflammatory ailments.

Studies also suggest that it works as an antioxidant, anticonvulsant, and antipsychotic agent.

The Blast reported that the company which will manage the ranch, Tyson Holistic, will concentrate on treating men and women who have experienced psychological ailments during service in the military.

The venture will seek to capitalize on the legalization of recreational marijuana in California, which went into effect on New Year’s Day.

It is the sixth U.S. state, and by far the most populated, experimenting beyond legalized medical marijuana to allow the sale of cannabis products of all types to customers.

Tyson has collaborated with partner Robert Hickman, Jay Strommen, and California City Mayor Jennifer Wood.

If the trends persist, The Tyson Ranch stands to make a significant fortune.

Fortune reported that the sales of legal weed in the U.S. approached $10billion in 2017, a 33% increase compared to the previous year.

With California’s entry into the legal market, sales could reach an expected $24.5 billion by 2021.

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