Prince Harry is allegedly launching a marijuana business to help with his financial struggles in Los Angeles.

According to Globe, Prince Harry was trying to launch his own pot business by buying a $9 million marijuana ranch near Clear Lake. Unfortunately, the deal fell through.

But according to British businessman Alki David, he is interested in funding Prince Harry’s business so he could plant marijuana on his Montecito estate. With the high demand for marijuana, Prince Harry and Meghan Markle could allegedly rake in $4 million per year.

“It’s a golden opportunity for Harry and Meghan. I’ve reached out to make the offer – 10,000 seeds, and I will provide them for free and buy back the crop. With my help, Harry would be crowned the ‘king of cannabis,’” he said.

David also claimed that he would be meeting with the Duke and Duchess of Sussex sometime this month to discuss the business opportunity.

If Prince Harry will do business with him, David said that he would provide the former royal with training, seeds, equipment, and they would also share ownership of the marijuana plants.

“Harry can easily become a figure in the hemp industry here and make a fortune,” he said.

Meanwhile, Prince Harry was previously admitted to smoking cannabis and drinking alcohol. Following his admission, he was reportedly sent to a drug clinic by Prince Charles.

A spokesperson from the palace confirmed that Prince Harry experimented with cannabis on several occasions. However, he was never addicted to the drug.

“This is a serious matter which was resolved within the family, and is now in the past and closed,” the spokesperson said.

In related news, Prince Harry also made headlines this week after it was revealed that he’s upset about being stuck in California instead of vacationing with the royal family.

A source told In Touch Weekly that the Duke of Sussex wanted to go to Balmoral so badly so he could be with his relatives. However, he’s stuck in California with his wife and son.

However, the source also said that the Duke and Duchess of Sussex are enjoying their lives in their new home.

“Harry doesn’t know the area well at all, but so far so good. Santa Barbara is more of his scene than L.A. He has the freedom and space he needs. Harry was extremely unhappy in L.A,” the source said.