Mike Tyson made headlines when he quipped about burning through $40,000 worth of marijuana per month, but it turns out The Champ isn't smoking it all himself and instead using it to help drive productivity and business growth.
Sources close to Tyson Ranch tell The Blast, the former heavyweight champ definitely does smoke his fair share of marijuana while handling his booming cannabis empire, but some of the particulars were left out when he made the revelation on his podcast, "Hotboxin' With Mike Tyson."
First off, we're told of the $40,000 worth of pot ... at least $25,000 per month is earmarked for promotion and used for giveaway samples to those doing business with Tyson Ranch.
The remaining, $15,000 of marijuana is for the 200+ employees currently working at Tyson Ranch.
We're told even though pot is provided to the staff, they aren't sitting around smoking pot on the job ... and they're actually excited to come to work.
Our source said that Tyson actually jokes about requiring mandatory drug tests for employees at Tyson Ranch ... but only to ensure "everyone's THC levels are high."
We're told the freebies for the staff have created -- not only a relaxed environment -- but a work culture of employees who arrive to work early and stay on the job late.
The Blast first broke the story on Mike Tyson revolutionizing the cannabis industry, and the boxer hasn't slowed down since he first broke ground.
Even though the company has offices near Los Angeles, the true masterpiece of Tyson Ranch is being constructed on a massive plot of land in between Palm Springs and Desert Hot Springs.
The Ranch Companies Inc, the parent company of Tyson Ranch, purchased over 650 acres in the desert to build their oasis, which will feature a resort-style venue to encompass many aspects of cannabis.
The resort will include a luxury hotel, glamping tents, a gigantic lazy river and a big venue to host music festivals.
When called asked for comment, Tyson Ranch said they are a privately held company and do not discuss financial details.