{"id":5523,"date":"2025-12-25T03:26:16","date_gmt":"2025-12-25T03:26:16","guid":{"rendered":"https:\/\/nicheblog.top\/worldpostone\/2025\/12\/25\/mike-tyson-ric-flairs-weed-business-goes-up-in-smoke-over-50m-lawsuit\/"},"modified":"2025-12-25T03:26:16","modified_gmt":"2025-12-25T03:26:16","slug":"mike-tyson-ric-flairs-weed-business-goes-up-in-smoke-over-50m-lawsuit","status":"publish","type":"post","link":"https:\/\/nicheblog.top\/worldpostone\/2025\/12\/25\/mike-tyson-ric-flairs-weed-business-goes-up-in-smoke-over-50m-lawsuit\/","title":{"rendered":"Mike Tyson, Ric Flair&#8217;s Weed Business Goes Up In Smoke Over $50M Lawsuit"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/allhiphop.com\/wp-content\/uploads\/2022\/08\/mike-tyson.jpg\" \/><\/p>\n<div wp_automatic_readability=\"13.805157593123\">\n<p>Mike Tyson and wrestling icon Ric Flair are suing their former cannabis business partners for allegedly stealing millions.<\/p>\n<aside>\n<div id=\"allhiphop-subscribe2\" style=\"    margin-bottom: 20px;\">\n<form target=\"_blank\" action=\"https:\/\/read.letterhead.email\/all-hip-hop\/subscribe\" method=\"POST\" wp_automatic_readability=\"1\">\n<div class=\"form__group\" bis_skin_checked=\"1\" style=\" padding: 30px; background: #f5f5f5; \" wp_automatic_readability=\"13\">\n\t\t\t\t\t<label for=\"email\" class=\"form__label form__label--required\"><br \/>\n\t\t\t\t\t<strong>AllHipHop.com<\/strong><br \/>\n\t\t\t\t\t<\/label><\/p>\n<p>Since 1998, AllHipHop.com has pioneered delivering Hip-Hop news. Get our daily email for exclusive, breaking news, and weekly digests, all curated for the true Hip-Hop enthusiast. Stay connected and informed with the heartbeat of Hip-Hop culture. Subscribe now!<\/p>\n<p>\n\t\t\t\t\t<input id=\"email\" maxlength=\"\" required=\"required\" type=\"email\" name=\"email\" class=\"form__input\"\/><br \/>\n\t\t\t\t\t<button type=\"submit\" class=\"form__group__field__submit-button items-center button button--secondary\" style=\" color: rgb(255, 255, 255); background-color: rgb(197, 0, 0); font-family: Cantarell, &quot;Helvetica Neue&quot;, sans-serif; border: 0px solid rgb(41, 98, 255); border-radius: 3px; padding: 3px 23px; \"> Subscribe <\/button>\n\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/aside><\/div>\n<div wp_automatic_readability=\"64.084132055378\">\n<p><a title=\"\u200c\" href=\"https:\/\/allhiphop.com\/tag\/mike-tyson\/\">Mike Tyson<\/a> and Ric Flair\u2019s weed business has gone up in smoke.<\/p>\n<p>The boxing legend and wrestling icon filed a $50 million lawsuit against their former business partners. They claim the executives treated their cannabis company, Carma, like a personal ATM.<\/p>\n<p>Tyson and Flair teamed up with Carma to sell \u201cTyson 2.0\u201d and \u201cRic Flair Drip\u201d cannabis products. But things went bad fast.<\/p>\n<p>The lawsuit says Chad Bronstein, Adam Wilks, Nicole Cosby and James Case ripped them off. The 76-page court filing accuses the four of fraud, wire fraud and money laundering.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><d## class=\"wp-block-embed__wrapper\"><br \/>\n<d## class=\"jetpack-video-wrapper\"><iframe loading=\"lazy\" title=\"Mike Tyson asks Trump for marijuana policy changes | The Record with Greta Van Susteren\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/wcjV7DbmN44?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/d##><br \/>\n<\/d##><\/figure>\n<p>\u201cBronstein and Wilks treated CARMA as their own personal piggy bank,\u201d the lawsuit says. They spent over $1 million on private jets, yacht costs and home renovations.<\/p>\n<p>Bronstein used company funds for his yacht and home repairs. Wilks paid his mortgage with Carma cash. They also blew money on expensive meals and travel.<\/p>\n<p>The lawsuit claims Wilks had a secret deal with vape maker DomPen. He got kickback payments for letting them use Carma\u2019s stuff without permission.<\/p>\n<p><a title=\"\u200c\" href=\"https:\/\/nypost.com\/2025\/12\/23\/sports\/mike-tyson-ric-flair-sue-cannabis-company-for-50-million-for-alleged-embezzlement-scheme\/\">Bronstein and Cosby\u2019s lawyer, Jonathan Cyrluk, fired back hard.<\/a><\/p>\n<p>\u201cThe complaint is fiction dressed up as a lawsuit,\u201d Cyrluk said. \u201cBefore filing, the plaintiffs tried to intimidate my clients with settlement demands that read more like a shakedown.\u201d<\/p>\n<p>Tyson and Flair want a jury trial. They\u2019re asking for over $50 million in damages and legal fees.<\/p>\n<p><a title=\"\u200c\" href=\"https:\/\/youtu.be\/wcjV7DbmN44\">Mike Tyson has been at the forefront of marijuana reforms.<\/a> Earlier this month, Trump directed the Justice Department to move marijuana from Schedule I to Schedule III under the federal Controlled Substances Act<\/p>\n<p>\u201cI\u2019m trying to have it rescheduled from a level I to III, you know, for medical researchers, open-space banking act, and plus there\u2019s over 500,000 people who are legally in the cannabis business that\u2019s employed. They can\u2019t get open loans, they can\u2019t get any accounts and we\u2019re trying to stop that. People are going to consume anyway, so why not consume safely, right? During Prohibition, people drank and a lot of people died and got sick and so they made it safe and then they made it legal and we\u2019re actually doing the same thing with cannabis.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><d## class=\"wp-block-embed__wrapper\"><br \/>\n<d## class=\"jetpack-video-wrapper\"><iframe loading=\"lazy\" title=\"Mike Tyson asks Trump for marijuana policy changes | The Record with Greta Van Susteren\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/wcjV7DbmN44?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/d##><br \/>\n<\/d##><\/figure>\n<h3 class=\"jp-relatedposts-headline\"><em>Related<\/em><\/h3>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/allhiphop.com\/news\/mike-tyson-ric-flairs-weed-business-goes-up-in-smoke-over-50m-lawsuit\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mike Tyson and wrestling icon Ric Flair are suing their former cannabis business partners for allegedly stealing millions. AllHipHop.com Since 1998, AllHipHop.com has pioneered delivering Hip-Hop news. Get our daily email for exclusive, breaking news, and weekly digests, all curated for the true Hip-Hop enthusiast. Stay connected and informed with the heartbeat of Hip-Hop culture. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-5523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hip-hop"],"_links":{"self":[{"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/posts\/5523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/comments?post=5523"}],"version-history":[{"count":0,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/posts\/5523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/media\/5524"}],"wp:attachment":[{"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/media?parent=5523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/categories?post=5523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/tags?post=5523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}