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Mike Tyson is starting the New Year with green on his mind, because he’s leading the charge on a cannabis resort that aims at not only producing high quality strains of THC and CBD, but also implementing cutting-edge technology to advance the research on the health benefits of marijuana.
California has become the largest state in the US to legalise recreational cannabis use.
As of 1 January 2018, adults aged over 21 can possess up to an ounce (28 grams) of the drug and can grow up to six marijuana plants at home.
Opponents say the law will lead to more driving under the influence of the drug and introduce young people to drug use.
But business is eyeing what could be an industry worth tens of billions of dollars in the next few years.
On December 20, the former Heavyweight Champ broke ground on a 40-acre plot of land in California City, a remote desert about 60 miles southwest of Death Valley National Park. He was joined by business partners Robert Hickman, Jay Strommen and also city mayor, Jennifer Wood.
Hickman tells 'The blast' that the “Undeveloped lands are primed to be cultivated” and Tyson Ranch will be an oasis in the desert.
California City is expecting a big boom in cannabis production and development as the “Green Rush” hits California now that marijuana is officially legal as of midnight.
According to sources,Tyson Ranch will be dedicating 20 acres of their land for cultivation facilities that “will allow master growers to have maximum control of their environment.”
There will also be a Tyson Cultivation School to teach growers the latest and greatest ways to perfect their own strains.
Along with growing high-grade cannabis, Tyson Ranch will feature:
- Hydro-feed plant and supply store,
- Extraction facility,
- Edible factory,
- Premium “glamping” campgrounds and cabins,
- Amphitheater.
Tyson has been a longtime believer in the healing properties of marijuana, and his ranch will work to improve the medical research and treatment of the plant.
CBD — a cannabis compound with no psychoactive properties — has been proven as an anti-inflammatory, anticonvulsant, antioxidant and antipsychotic agent. It has been used to treat PTSD, as well.
The company that operates the ranch, Tyson Holistic, is comprised mainly of veterans, and says taking care of men and women who have served in the armed forces is a top priority.
The ranch is located near Edwards Air Force Base and aims at creating lots of jobs, as well as connect with and give back to the community.
The mayor describes the business venture as a “rebirth” for the entire city.
Tyson has already started locking up branding for his new venture, “Iron Mike Genetics” was just trademarked for use on the ranch as well.
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