Tuesday, January 2, 2018

Mike Tyson to open cannabis ranch in California

Former heavyweight champ Mike Tyson broke ground Dec. 20 on a new "cannabis ranch" 60 miles southwest of Death Valley in California City, population 15,000. The 40-acre facility will include cultivation areas, research labs and a glamping resort with an amphitheater.

Tyson is constructing the facility in partnership with his business associates Robert Hickman and Jay Strommen and has the support of the mayor of California City, Jennifer Wood. California City has embraced the cannabis industry so far and Wood recently told the Bakersfield Californian that she expects the town to reap millions in tax benefits from large cultivation operations.

“Our intention is to get rid of supplemental taxes to support public safety,” Wood told the Californian after the passage of a ballot measure to help pay for public safety in June of 2017. “You have to pay the bills somehow,” she added.

Tyson Ranch, as it will be called, will devote 20 acres to cultivation and will also include a school to teach growers how to develop and perfect strains. 

Marijuana outlets started operating under state licenses Jan. 1 and the market is expected to boom in California, the sixth in the nation to fully legalize recreational cannabis behind Colorado, Washington, Oregon, Alaska and Nevada. 

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