Mike Tyson, a boxing legend, has revealed that he smokes marijuana worth over $38,400 per month at his marijuana ranch in California.

Tyson, who is now 53 years old, claims to be burning around $38,400 per week with Eben Britton, his business partner.

The good thing about this is that Tyson spends his money buying his own product, which means he is one of the highest money spenders on marijuana of his company.

Tyson made a huge claim on his podcast at Hotboxin with Mike Tyson.

Britton said they smoke “tens tons of weed on the ranch” every month.

The former heavyweight champion then talked about his planned marijuana-themed resort, which he hopes will have him earn a lot of money.

Tyson is currently living his retirement life, proving to everyone that the grass is greener after the career is over.

Mike is currently looking to build a 407-acre holiday resort.

The boxing legend will be naming the resort as the “Lollapalooza of Cannabis”.

In the year 2016, Tyson started his own company – Tyson Holistic Holdings.

He now owns his own 40-acre cannabis farm in southern California.

Iron Mike is taking advantage of California’s legalization of recreational marijuana use.

Tysons’s Ranch has 20 acres of master growers of weed.

Tyson also runs the Tyson Cultivation School to teach farmers how to grow and develop their own marijuana strains.

Tyson also wants a video game arena.

The 40-acre ranch of Tyson has its own amphitheater, which is complete with luxury camping areas and cabins for visitors.