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 by American Green, a marijuana focused technology and growing firm based in Arizona.
The company plans to make Nipton the country's "first energy‑independent, cannabis‑friendly hospitality destination with the reported price tag of about $5 million.
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 and only about 20 people live there.
Nipton has its roots in gold and silver mining along with ranching.
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.
Recreational marijuana was legalized last year in California and Nevada, but remains illegal according to federal law.
Source: CNN
