نسخة عن Marijuana Company Buys California Ghost Town, Eyeing a Green Rush

نسخة عن Marijuana Company Buys California Ghost Town, Eyeing a Green Rush





Got Scammed? Fight Back!



Get Started Today



Marijuana Company Buys California Ghost Town, Eyeing a Green Rush

Cannabis company plans to turn desert town into pot paradise
Nipton, CA (population 20), located on the border of California and Nevada, is a remnant of the California Gold Rush. Now one of the first publicly traded companies to specialize in the legal cannabis space is hoping it will be the centerpiece of a 21st Century Green Rush.
American Green has purchased the ghost town and plans to transform it into a marijuana tourist destination. It also plans to use it as a production hub for cannabis-based products – starting with CBD-infused water. CBD, or cannabidiol, is the non-psychoactive part of cannabis – and doesn’t give people who ingest it the “stoned” feeling the plant is known for. Research, though, has shown it to have anti-inflammatory and anti-anxiety properties.
The company says several edible and extraction companies have expressed interest in building production facilities in the 120- acre area as well.
“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,” said David Gwyther, chairman and president of American Green, in a statement. “This acquisition allows us to channel the myriad interests in cannabis production and consumption for an immediate positive impact to this community’s members and to cannabis consumers across the country.”
Ultimately, American Green says it hopes to offer attractions including CBD and mineral baths, cannabis-product retail outposts, artists-in-residence programs and various culinary events.
Nipton comes with its own water supply, a school building, a hotel and a general store. It went on the market last year with an asking price of million, though the amount American Green paid hasn’t been announced.The company says it plans to spend .5 million over the next 18 months to build out the town.NIPTON, Calif. — Now that one of the nation’s largest cannabis companies has bought the entire California desert town of Nipton, a question remains: Will the new owners rename the place Potsylvania?
The name Weed already belongs to an old mill town in Northern California.
American Green Inc. announced Thursday it is buying all 80 acres of Nipton, which includes its Old West-style hotel, a handful of houses, an RV park and a coffee shop. Its plans are to transform the old Gold Rush town into what it calls “an energy-independent, cannabis-friendly hospitality destination.”The town’s current owner, Roxanne Lang, said the sale is still in escrow, but confirmed American Green is the buyer. She declined to reveal price before the sale closes, but noted she and her late husband, Gerald Freeman, listed the property at million when they put it up for sale last year.
Asked what her husband would think of the buyers’ plans to turn Nipton into the pot paradise of the California desert, she laughed heartily.
“I think he would find a lot of humour in that,” she finally said, adding that as a Libertarian Freeman had no problem with people using marijuana, and as a proponent of green power he’d be all in favour of energy independence. Over the years he’d installed a solar farm himself that provides much of the tiny town’s electricity.
American Green says it plans to expand that farm and also bottle and sell cannabis-infused water from Nipton’s plentiful aquifer, joint moves that would make the town green in more ways than one.
The buyers are also reaching out to edibles manufacturers and other pot-industry businesses, hoping they’ll be interested in relocating to Nipton and bringing jobs with them.
The town’s current residents number fewer than two dozen and one of its major sources of revenue is the California Lottery tickets the general store sells to people who cross the state line from Nevada because they can’t buy them there.
“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.”
Indeed it was a gold rush that created Nipton in the early 1900s when the precious metal was found nearby.
But by the time Freeman, a Los Angeles geologist who liked to look for gold in his spare time, discovered the place in the 1950s it was already a ghost town. Even worse it was 60 miles south of Las Vegas and 10 miles (16 kilometres) off the major highway that connects that city to Los Angeles.
“I like to say it’s conveniently located in the middle of nowhere,” jokes Lang.
Freeman bought the town in 1985 anyway and spent the next 30 year

%d bloggers like this:
Google+