The world’s first cannabis business competition show, The Next Marijuana Millionaire, has released its first-look trailer.

The show will be hosted by entrepreneur Michael “BigMike” Straumietis, founder of cannabis fertiliser brand Advanced Nutrients.

BigMike will work with 16 cannabis industry entrepreneurs, putting them through their paces with extreme challenges to test their business savvy and strength of personality.

The winner will claim a grand prize worth up to US$1m and a partnership with BigMike.

BigMike has previously been an advisor to Emmy-winning shows including Showtime’s Weeds, the CSI franchise and Seth Rogan’s film Pineapple Express.

The Next Marijuana Millionaire will premiere globally on August 15 on major streaming services including Amazon Prime, Pluto TV, Apple TV, Roku, Social Club TV, iOS and Android or Smart TV.