Mike Tyson hosting cannabis-friendly music festival

Mike Tyson continues to cash in on the legalization of recreational marijuana in California.

The former heavyweight boxing champion is set to host the first-ever Kind Music Festival at his 40-acre marijuana farm, Tyson Ranch Resort, on Feb. 23, 2019. The all-ages event bills itself as "the next generation of music festival, one that embraces cannabis as a legalized recreational product."

The festival boasts food trucks, a "chillville" with 100 specialty bean bags, inflatable rides, obstacle courses and mazes, a bar area, and a vendor village. The musical lineup is expected to be announced Jan. 2, according to Alex Groves of the Press-Enterprise.

Presale tickets are selling for $55, with a portion of proceeds from the festival being donated to nonprofit addiction and homeless charity Standing United.

Tyson broke ground on the ranch earlier this year. He has also been using the site as the backdrop for a scripted comedy series called "Rolling With the Punches," which he and his business partner, Rob Hickman, have been shopping to television networks.