Cannabis-focused technology company American Green has purchased the California town of Nipton for nearly $5 million, planning on transforming it into a destination for cannabis tourism, according to a Business Insider report. The 120-plus-acre town has a population of six, a general store, a five-room hotel, and a solar farm that will eventually allow the town to operate 100 percent off the grid.
Stephen Shearin, a consultant working with American Green on the project, said the company plans to keep the small businesses in the town intact and will offer jobs to the residents.
“The [idea] here isn’t to create ‘Woodstock 2017,'” Shearin said in the report. “It’s about creating an environment where people come to work and share in a community.”
Infrastructure construction will begin immediately, but the town must first be incorporated before they can apply for a cultivation license from the state. The future dispensary will be called The Apothecary and will have an Old West theme.
American Green, founded in 2009, is involved in cannabis-dispensing vending machines, seed-to-sale tracking solutions, a dispensary-locator app, and the manufacture and sale of CBD oils, including capsules, balms, and mints. The company plans on tapping an aquifer in Nipton to produce hemp oil-infused water.
Get daily cannabis business news updates. Subscribe