Mike Tyson and Ric Flair’s Cannabis Brands Enter New Mexico Market

Two of the most iconic figures in the world of sports and entertainment, Mike Tyson and Ric Flair, are making waves in the cannabis industry. Their respective cannabis brands, Tyson Ranch and Ric Flair Drip, have recently entered the New Mexico market, marking a significant milestone in their business ventures. This article delves into the details of this development and its potential impact on the New Mexico cannabis market.

Mike Tyson’s Tyson Ranch

Mike Tyson, the former heavyweight boxing champion, launched Tyson Ranch in 2016. The brand is known for its premium cannabis products, which include flowers, extracts, edibles, and CBD products. Tyson Ranch prides itself on its commitment to quality, sustainability, and social responsibility. The brand’s entry into the New Mexico market is part of its ongoing expansion strategy, which aims to make its products accessible to more consumers across the United States.

Ric Flair’s Ric Flair Drip

On the other hand, Ric Flair, a 16-time world champion professional wrestler, launched Ric Flair Drip in 2020. The brand offers a range of CBD products, including oils, gummies, and topicals. Ric Flair Drip is committed to providing consumers with high-quality, lab-tested CBD products that promote wellness and relaxation. The brand’s expansion into New Mexico is a significant step in its growth strategy, which aims to establish a strong presence in the burgeoning U.S. cannabis market.

The New Mexico Cannabis Market

New Mexico legalized recreational cannabis in April 2021, opening up a new market for cannabis businesses. The state’s cannabis market is expected to reach $318 million in sales by 2024, according to a report by BDS Analytics. The entry of Tyson Ranch and Ric Flair Drip into this market is likely to contribute to its growth and diversification. Both brands bring their unique offerings and celebrity appeal, which could attract a wide range of consumers and stimulate market demand.

Conclusion

In conclusion, the entry of Mike Tyson’s Tyson Ranch and Ric Flair’s Ric Flair Drip into the New Mexico cannabis market is a significant development. It not only marks the expansion of these celebrity-backed cannabis brands but also contributes to the growth and diversification of the New Mexico cannabis market. As the cannabis industry continues to evolve, it will be interesting to see how these brands fare in this new market and what impact they will have on the industry as a whole.

By C.N.W

Keywords: Mike Tyson, Ric Flair, Tyson Ranch, Ric Flair Drip, cannabis, New Mexico, cannabis market

Sources:

• Tyson Ranch. (n.d.). About us. Retrieved from https://tysonranch.com/about-us
• Ric Flair Drip. (n.d.). About us. Retrieved from https://ricflairdrip.com/about-us
• BDS Analytics. (2021). New Mexico cannabis market to reach $318 million by 2024. Retrieved from https://bdsanalytics.com/new-mexico-cannabis-market-to-reach-318-million-by-2024