Cannabis Company Buys Entire California Town to Build a Pot-Friendly Tourist Destination

admin August 5, 2017 Comments Off on Cannabis Company Buys Entire California Town to Build a Pot-Friendly Tourist Destination

On Thursday, one of the largest marijuana companies in the US, American Green, Inc., announced it had purchased a California desert town, promising to turn it into “the country’s first energy-independent, cannabis-friendly hospitality destination.” Coming in at 120 acres, Nipton, California — located on the edge of the Mojave Desert — was bought for $5 million USD which includes its Old West-style hotel, a handful of houses, an RV park and a coffee shop.

With the purchase of Nipton, American Green, Inc. plans to make “cannabis-based products” and to grow weed in the near future. The company also plans to bottle the town’s water and infuse it with the cannabinoid CBD and sell it. American Green also plans on spending another $2.5 million USD to renovate Nipton, and will focus on using renewable energy. American Green’s president and CEO David Gwyther said in a statement:

“We are excited to lead the charge for a true Green Rush. The cannabis revolution that’s going on here in the U.S. has the power to completely revitalize communities in the same way gold did during the 19th century.”

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