California pot town planned by cannabis company

The tiny town of Nipton, California, is going to pot. Literally. One of the country’s largest cannabis companies, American Green, recently purchased the six-person town for $5 million, with plans to transform it into the country’s leading marijuana tourist destination.

Over the next year and a half, American Green will invest another $2.5 million in making over the 80-acre Nipton into a pot-lover’s playground. Powered entirely by renewable energy, the town would boast on-site pot growing, a bottling plant for pot-infused water, edibles production, mineral baths, marijuana retail stores, and hotel rooms.

There’s no question that the expansion of state-level marijuana legalization is having an impact on housing markets, businesses, and cities, but American Green is positioning marijuana-tourism as an economic savior for depressed towns. The company is already talking with edibles manufacturers and pot-centric businesses in an effort to get them to relocate to Nipton.

“We are excited to lead the charge for a true Green Rush,” David Gwyther, American Green’s president and CEO, said in a statement. “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.”

Via: Realtor.com, Washington Post