Legendary boxer Mike Tyson is opening up his own marijuana farm, following the legalization of marijuana by the state of California.
Tyson’s 40-acre operation includes growing the plant, a hydro-feed plant and supply store, an extraction facility, an edible factory, premium “glamping” campgrounds and cabins and an amphitheater.
California legalized marijuana for recreational use on Monday. According to a new marijuana industry report from ArcView Market Research, this is expected to cause a significant boom in the industry.
“The total economic output from legal cannabis will grow 150% from $16 billion in 2017 to $40 billion by 2021,” Arcview said in a statement.
“U.S. consumer spending on legal cannabis in 2021 of $20.8 billion will generate $39.6 billion in overall economic impact, 414.000 jobs, and more than $4 billion in tax receipts.”
Should Nigeria consider legalizing marijuana? Share your thoughts.