Cannabis Grower Buys California Town to Build Pot-Friendly Outpost
- American Green seeks to reinvigorate Gold Rush rail town
- Move reflects industry’s goal of broadening customer base
QuickTake: Marijuana's Road to U.S. Legalization
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American Green Inc., a maker of cannabis products, is taking an unusual step to attract new customers as it capitalizes on California legalizing marijuana: It’s buying an entire town.
The company has acquired the tiny burg of Nipton, California, for about $5 million and plans to invest as much as $2.5 million over the next 18 months to create a pot-friendly tourist destination. The purchase includes 120 acres of land with a general store, a hotel, a school building and mineral baths.