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Home / News / Marijuana company buys an entire town in California for $5 million

Marijuana company buys an entire town in California for $5 million

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An entire town of 120 acres called ‘NIPTON‘ has been bought by American Green Inc., a marijuana focused technology and growing company based in Arizona at a reported price of about $ 5 million.

The company plans to make Nipton the country’s first energy-independent, cannabis-friendly hospitality destination. Nipton is a town near the Nevada border, about one hour drive from Las
Vegas and over three hours from Los Angeles. The town has a hotel, general store and schoolhouse.

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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.

Source: Kevin Djakpor Blog

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