Ric Flair team up with Carma Holdings to launch his personal cannabis product

Ric Flair is introducing his new personal cannabis line, Ric Flair Drip. The wrestling icon is teaming up with Carma Holdings founder and president Chad Bronstein to launch the celebrity-inspired product.

Carma Holdings is the parent of former professional boxer Mike Tyson's premier cannabis line TYSON 2.0.

Bronstein told Kennedy he and Flair first met as neighbors in Tampa, Florida and pitched the idea to Flair about launching a cannabis product.

He called up Mike, and I said, hey, Rick Flair is my neighbor. What if we dropped a line called Rick Flair DripFlair Drip with Rick? I walked up to Rick and said, Rick, I'm going to start a line of cannabis with you. Is there a line of cannabis? I said, trust me. It's going to do well. Rick was very educated in the space and the brand is really booming. Bronstein said that Flair has been an unbelievable partner. On Tuesday, Flair shared the inspiration behind his new business venture with FOX Business host Kennedy.

It started a learning process, and it continued, said Flair. I learn something new every day and never imagined. I'd been approached for years to get involved, but it wasn't as socially acceptable as it is now. I mean now, I didn't realize how popular it is. I forgot and I'm honored to be part of this company and work with Chad every day. It's a learning process. Flair mentioned how fantastic edibles are and how they have changed his life by the way he sleeps.

He said that he's been hooked on Xanax since 1989, and no longer takes it thanks to edibles.

Obviously, Xanax is so addictive that it's not good for everyone, so edibles are great, he said.

Flair claimed he doesn't smoke a lot, but he enjoys doing it occasionally.