American Boxing legend, Mike Tyson has revealed he spends $40,000 on weed every month.

Speaking on the Hotboxin' podcast, as reported by The Mirror, Iron Mike revealed just how much weed he smokes each month.

He said: 'What do we smoke a month? Is it $40,000 (£33k) a month? It's $40, yeah, $40,000 a month.'

I spend $40,000 on weed every month - Boxing legend, Mike Tyson reveals

Former NFL offensive tackle Eben Britton, Tyson's co-host on the podcast, then revealed: 'We smoke 10 tons of weed at the ranch a month.'

The former world heavyweight champion owns a 40-acre cannabis ranch close to California's Death Valley, which he opened after the US state legalised weed.

The 53-year-old also has his own school for prospective weed growers at the ranch called 'The Tyson Cultivation School'.

I spend $40,000 on weed every month - Boxing legend, Mike Tyson revealsAccording to Wealthy Gorilla, Mike Tyson's net worth is estimated to be only $3 million.

Back in the day, he had accrued over $300 million dollar throughout his career, but ended up losing it all.