Mike Tyson Backs Donald Trump’s Major Move That May Boost Boxing Legend’s $160M Venture
Former heavyweight boxing champion Mike Tyson has been a longtime supporter of Donald Trump, even attending his inauguration event after the 2024 election. Now, the 45th President of the United States is reportedly considering a political move that could greatly benefit the boxing legend’s business ventures. According to The Wall Street Journal, Trump is weighing the reclassification of marijuana as a legal substance, a move that could have a significant impact on Tyson’s $160 million venture.
Tyson, who has been open about his own struggles with substance abuse, has found success in the cannabis industry with his company Tyson Ranch. The former boxer has been vocal about the benefits of marijuana and has been a strong advocate for its legalization. With Trump’s potential move, Tyson’s business could see a major boost.
The current classification of marijuana as a Schedule I drug, along with substances like heroin and LSD, has hindered its growth in the business world. This classification means that marijuana is considered to have no accepted medical use and a high potential for abuse. However, many states have already legalized marijuana for medicinal and recreational use, and the industry is projected to reach $73.6 billion by 2027.
If Trump were to reclassify marijuana as a legal substance, it would open up opportunities for businesses like Tyson Ranch to expand and thrive. This would not only benefit Tyson’s company but also the overall economy, creating jobs and generating tax revenue.
Tyson has been a vocal supporter of Trump, even during his presidency. In an interview with TMZ in 2019, Tyson praised Trump for his business acumen and said, “He should be president of the United States.” The two have also been friends for many years, with Trump attending several of Tyson’s fights in the past.
Tyson’s support for Trump has not wavered, even after his presidency. In a recent interview with Fox Business, Tyson expressed his admiration for Trump and said, “He’s a good man, and he’s going to do the best for the country.” With Trump’s potential move to reclassify marijuana, it seems that Tyson’s faith in the former president may pay off in a big way.
Tyson Ranch, which was founded in 2016, has already seen success in the cannabis industry. The company offers a variety of products, including premium marijuana strains, edibles, and CBD products. With the potential reclassification of marijuana, Tyson’s company could see even more growth and success.
In addition to his business ventures, Tyson has also been using his platform to advocate for the benefits of marijuana. He has spoken openly about how marijuana has helped him with his own mental health struggles and has been a strong advocate for its use in treating conditions like PTSD and chronic pain.
The potential reclassification of marijuana could also have a positive impact on the sports world. Many athletes, including Tyson, have been vocal about the benefits of marijuana for pain management and recovery. With the current classification, athletes risk facing suspensions and other consequences for using marijuana, even in states where it is legal. If marijuana were to be reclassified, it could lead to a change in the rules and regulations surrounding its use in sports.
In conclusion, the news of Trump potentially reclassifying marijuana as a legal substance is a major development that could greatly benefit Mike Tyson’s business ventures. The former heavyweight champion has been a strong advocate for marijuana and has found success in the industry with his company Tyson Ranch. With the potential reclassification, Tyson’s company could see even more growth and success, and the overall economy could benefit as well. This move could also have a positive impact on the sports world, allowing athletes to use marijuana for pain management without fear of repercussions. As a longtime supporter of Trump, Tyson’s faith in the former president may have a major payoff for his business and the industry as a whole.