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The former heavyweight champion, 51, has purchased 40 acres of land in California City, a town with a population of just 15,000 people southwest of Death Valley.
And Iron Mike plans to take advantage of the state's legalisation of recreational marijuana.
The ‘Tyson Ranch’ will have 20 acres for 'master growers' to have maximum control of the environment.
The boxing legend will also have his own school to teach farmers how to grow and develop their strains - called the ‘Tyson Cultivation School.’
The area will have its own amphitheatre, complete with luxury camping area and cabins.
Tyson has linked up with business partners Jay Strommen and Robert Hickman and has the full support of the cities mayor Jennifer Wood.
Medical marijuana has been legalised in the state of California for the past 20 years and Tyson’s ranch will look to carry out research to help develop it’s clinical benefits.
He is said to be a long-time supporter of medical marijuana and its clinical uses.
The US state is expecting a marijuana boom with legalisation, and the mayor described the ranch as a “rebirth” for the city which will create needed jobs.
California City was launched in 1958 with the intention of making it as big as Los Angeles, but the community failed attract migrants.
It has a jail and a community college which serves the Edwards Air Force Base.