Aug 4, 2017

Tempe based cannabis company buys entire town in CA

"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."
https://www.bloomberg.com/amp/news/articles/2017-08-03/cannabis-grower-buys-old-west-town-to-build-pot-friendly-outpost

1 comment:

  1. Sensational deal. Now that's thinking ahead. There is definitely a demand. I saw first hand on the 29th, the line out the door at a clinic on Virginia St. in Reno.

    ReplyDelete