Marijuana Company Buys California Town, Plans to Build ‘Cannabis-Friendly Hospitality Destination’ CNN
go to original August 7, 2017

The price included abundant water, a photovoltaic solar array, a general store, hotel, recreational vehicle park, campgrounds, schoolhouse and two small houses. (Tonya Harvey/Real Estate Millions)

Don’t be surprised if there is a sign one day on a small California town that reads “Welcome to Nipton: A Place to Get Stoned.”

The entire town of 120 acres was purchased last week by American Green Inc, a marijuana focused technology and growing firm based in Arizona. The reported price tag: about $5 million.

The company plans to make Nipton the country’s “first energy-independent, cannabis-friendly hospitality destination,” American Green said in a statement.

Nipton is near the Nevada border, about an hour’s drive from Las Vegas and over three hours from Los Angeles. The town has a hotel, general store and schoolhouse. Nipton has its roots in gold and silver mining along with ranching.

Only about 20 people live there.

American Green said it will initially focus on bottling cannabis-infused water in the town. The production of marijuana edibles and the cultivation of cannabis won’t be far behind in American Green’s 18-month, $2.5 million development time frame.

Visitors will find mineral baths, lodging, marijuana retail outlets and “a first-of-its-kind eco-tourism experience for conscious cannabis consumers.”

Read the rest at KTLA

Related: Pot Tourism Hasn’t Changed the Oregon Economy But It’s an Ancillary Service (Skift)

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