By Frederick H. Lowe
Former world heavyweight boxing champion Mike Tyson and his business partners have broken ground on a 40-acre ranch in California City, California, to grow marijuana now that California has become the nation’s sixth and largest state to allow the legal sale of marijuana for recreational use.
Sales of marijuana for recreational use became legal January 1.
Tyson, his business partners and the California City mayor Jennifer Wood broke ground December 20th for Tyson Ranch, a city spokeswoman told NorthStar News Today. Mayor Wood thanked Tyson for launching a business that will bring jobs and income to area residents.
Tyson is the second black celebrity that we know of to invest in the legal marijuana business, which most believe will turn the green leaves into gold.
Damian jr. Gong Marley, the youngest son of reggae legend Bob Marley, is among a group of investors who have purchased a controlling stake in High Times magazine, its Cannabis Cup events and other digital properties for $42 million in a deal arranged by Oreva Capital, a boutique investment firm, based in Los Angeles.
Damian, a musician, has an estimated wealth of $20 million. His father was a well-known toker.
Colorado, Washington, Oregon, Alaska and Nevada are the other states that allow the legal sale of recreational marijuana.
Part of Tyson Ranch will be used for Tyson Cultivation School to teach new growers, according to TheBlast.com, a publication. Twenty acres will be used to create “high quality strains of THC and CBD,” TheBlast reported.
California City is two hours from Los Angeles. California City also is near Edwards Air Force Base, the Air Force’s test pilot school.