From Knockouts to Knockouts: How Mike Tyson's Psychedelic Empire is Shaking Up the Cannabis Industry

Mike Tyson, the legendary boxer turned entrepreneur, is making waves in the business world with his ventures into psychedelics and cannabis. His latest innovation, the 'Mikeadelics' home-grow kit for magic mushrooms, is just one facet of his expanding empire, which is transforming both the psychedelic and cannabis industries.

Tyson’s journey from the boxing ring to entrepreneurial success is marked by his unwavering belief in the benefits of psychedelics. "Psychedelics changed my whole life," Tyson revealed in an interview with Maxim. "I wouldn’t be boxing now if it wasn’t for psychedelics." This personal transformation fueled his passion for making these mind-bending substances accessible to the public.

The Mikeadelics kit, designed by Advanced Mycology, incorporates a unique filter strip technology to optimize airflow and prevent bacterial and mold contamination, ensuring a high-quality home-growing experience. This product reflects Tyson’s commitment to innovation and accessibility in the psychedelic market.

In addition to his ventures in psychedelics, Tyson has established a significant presence in the cannabis industry. His company, Tyson 2.0, offers a range of cannabis products that have garnered widespread popularity. Partnering with Carma HoldCo, Tyson 2.0 also manages cannabis brands for other high-profile personalities like pro wrestler Ric Flair and rapper Future, further cementing its influence in the market.

Tyson’s advocacy extends beyond business. He has invested in Wesana Health, a biotech company focused on using psilocybin to treat traumatic brain injuries. Tyson’s investment is part of a larger movement recognizing the potential of psychedelics in mental health treatment. In 2021, Tyson attributed his remarkable 100-pound weight loss, career revival, and renewed family connections to his use of psychedelic toad venom, showcasing the profound impact these substances have had on his life.

The Mikeadelics kit allows users to inject liquid shroom cultures into soil, facilitating the growth of psilocybin mushrooms. Despite federal restrictions on psilocybin, the DEA permits the sale and shipment of spores, which become psychedelic only after cultivation. This legal nuance enables Tyson to bring his product to a broader audience. As states like Colorado and Oregon legalize psilocybin and cities like San Francisco and Washington D.C. decriminalize it, the market for psychedelic products is poised for significant growth.

Research into psilocybin’s benefits is accelerating, with millions invested in studies exploring its therapeutic potential. The FDA has designated psilocybin as a "breakthrough therapy" for treatment-resistant depression, expediting its research and potential approval. Tyson, who launched Mikeadelics at the CHAMPS Tradeshow in Las Vegas on July 24, hopes for nationwide legalization of magic mushrooms.

"And I’m not just saying that from an entrepreneur perspective, I’m saying that from a health perspective," Tyson emphasized. "I think the planet would be different. I think everybody would be at their highest form of thinking."

Each Mikeadelics kit includes a grow bag, instruction booklet, inoculation data label, alcohol wipe, and Mylar storage bag with a dry pack for storing dried mushrooms. Retailing at $50 (excluding the injectable mushroom culture), the kit can yield up to three harvests, producing approximately 1/2 ounce of mushrooms per cycle.

Tyson’s ventures reflect a broader trend towards acceptance and commercialization of psychedelics and cannabis. By leveraging his fame and personal experiences, Tyson is not only growing his brand but also paving the way for the future of these industries. His entrepreneurial spirit and commitment to health and wellness continue to drive his success, making him a leading figure in the psychedelic and cannabis revolution.

Is Mike Tyson’s foray into psychedelics and cannabis a game-changer for the industry?