Mike Tyson's cannabis company is
expanding sales into Maryland
Introduction
Boxer Mike Tyson's cannabis company is
expanding its sales into Maryland dispensaries. Tyson Ranch has been around for
about a year, with sales in Nevada and California.
The Maryland rollout will begin on August
29th. Tyson formed Tyson Holistic Holdings in 2016. The co-founder of the
company, Rob Hickman, says Maryland is an important market because it's the
closest state to Washington, DC, with legal, medical marijuana."
With the potential of adult-use
legalization, we are excited to bring our high-quality products to this market
and expand as regulations allow," Hickman said in a statement obtained by
Baltimore Sun reporter Erin Cox.
Boxing legend Mike Tyson is
taking his cannabis company's products to Maryland dispensaries.
Former world heavyweight champion boxer Mike
Tyson, a cannabis entrepreneur, has announced that his company will enter the
Maryland market.
Tyson's company, Mike Tyson Ventures LLC, is
best known for its Real Hemp Water products. These items are available in 14
flavors, including "Coconut" and "Berry Blast."
The brand was launched last year to help
people find relief from anxiety and depression through using CBD (cannabidiol),
an active cannabinoid found in cannabis plants.
The product line also includes vaporizers
for CBD oil and pre-rolled joints with varying levels of THC
(tetrahydrocannabinol).
Tyson formed Tyson Holistic
Holdings in 2016.
The company's product line has expanded
since its inception into new markets. Tyson Ranch products will be available in
Maryland starting August 29th, 2019.
Tyson's co-founder Rob Hickman says Maryland
is an important market because it's the closest state to Washington, DC, with
legal, medical marijuana.
Tyson's co-founder Rob
Hickman says Maryland is an important market
Maryland is close to Washington, DC. This
means that people in Maryland can travel to the capital city and purchase at
Tyson's company without paying state taxes on its products.
Mississippi has a large population of
cannabis users. The state has more than 2 million residents, so there are
plenty of potential customers for Tyson's new business venture.
After California legalized recreational
marijuana use in January 2018, Nevada became America's fifth biggest market for
legal weed sales.
New York City has a much larger economy than
most states in America (and even some countries).
Hickman said
"With the potential of adult-use
legalization, we are excited to bring our high quality products to this market
and expand as regulations allow."
The announcement comes as Maryland's medical
marijuana program continues to expand. In June, the state added new conditions
that qualify patients for access to MMJ, including opioid withdrawal and anxiety
disorders.
In a statement, Hickman said: "With the
potential of adult-use legalization, we are excited to bring our high-quality
products to this market and expand as regulations allow."
Tyson Ranch products will be
available in Maryland starting August 29th.
Starting August 29th, Tyson Ranch products
will be available in Maryland dispensaries. The company's product line has
expanded since its inception into other states, with California being the next
target state for Tyson Ranch.
In addition to its CBD line of products,
Tyson Ranch also sells a variety of products containing THC, a psychoactive
cannabinoid found in marijuana plants. These include pre-rolled joints and vape
pens that can be used at home or on the go.
Conclusion
This is a big win for Tyson Ranch and the
entire cannabis industry. It's also a sign of how far we've come in just one
year, as more and more states are legalizing cannabis use. We're looking
forward to seeing what's next.