American Green, Inc., the largest publicly traded cannabis company in the U.S., announced that it has purchased the town of Nipton, California.
American Green, Inc. intends to modernize the 100-year-old community, located in San Bernardino county, into the United States’ first energy-independent, cannabis-friendly hospitality destination.
Nipton currently has a population of only 20 people and is located on the border of California and Nevada.
Here’s what you need to know about Nipton:
1. Nipton Was Sold to American Green For $5 Million
The town of Nipton was put up for sale last year for $5 million. American Green 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.
American Green, based in Tempe, Arizona, plans to use the existing structures and build new ones –powered by renewable energy– to revitalize the town, said project manager Stephen Shearin.
“We thought that showing that there was a viable means of having a cannabis-friendly municipality and further making it energy independent could be a way of really inspiring folks to say, ‘Why can’t we do that?'” said Shearin.
2. American Green Plans On Making Nipton A Production Hub
In addition to transforming Nipton into a marijuana tourist destination, American Green plans on making it a production hub for cannabis-based products.
The company plans on starting with CBD-infused water. CBD, or cannabidiol, is the non-psychoactive part of cannabis, meaning it doesn’t give people who ingest it the “stoned” feeling the plant is commonly known for. Research has shown it to have anti-inflammatory and anti-anxiety properties, according to Fortune.
American Green says several edible and extraction companies have expressed interest in building production facilities in Nipton 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 American Green chairman and president David Gwyther 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.”
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.
3. Nipton Was Previously Owned By a Geologist
Nipton attracted the interest of previous owner Gerald Freeman in the 1950’s. Freeman mined the area as a geologist based in Los Angeles at the time. Part of the Ivanpah Valley, Nipton sits at the northeast entrance to the Mojave National Preserve, so-designated by Congress in 1994. Before that, miners like Freeman routinely plied the area for gold, silver and other minerals.
“I always felt comfortable in the desert where I had a lot of space, said Freeman. “Los Angeles was becoming too costly and too crowded.”
In 1984, Freeman made an offer to buy Nipton. He bought the land for $200,000, according to Las Vegas Review-Journal.
Freeman and his wife, Roxanne Lang, said they have invested more then $1 million dollars in the property.
Nipton timeline according to Las Vegas Review-Journal
Late 19th century: Two separate wagon trains crossed in the Ivanpah Valley. S.D. Karns arrived about the same time looking for gold. It is believed on Jan. 1, 1900, he and some associates staked a claim, which was named Nippeno.
1905: A railroad connecting Salt Lake City to Los Angeles was completed in the winter of 1904/1905, which passed immediately by the crossroad and Nippeno Camp. Sen. William Clark of Nevda was instrumental in this.
1909: Karns died in Nipton.
1910: Several rail lines were merged into the Union Pacific Railroad System, and the name of the crossroads community was changed to Nipton. A stage coach line from Searchlight was established to carry passengers and freight to Nipton and the rail-head.
1930-1933: Nipton schoolhouse built.
1940: President Roosevelt signed papers transferring title of Nipton site to Harry Trehearne on April 10 under the Homestead Act. It stays in the family’s hands until 1956.
1956-1984: Nipton property passes into the stewardship of six owners.
1984: Freeman family (d.b.a. Provident Corp.) takes possession of the Nipton townsite. Escrow closed January 1985.
1986: Hotel Nipton, bed and breakfast inn opens for business in May. Nippeno House remodeling is completed in July to serve as primary residence for Freeman family.
1989: Nipton trading post starts selling California lottery tickets.
1994: Congress passes the Mojave National Preserve Act, which sets up Nipton as its defacto northern gateway.
1998: First of four ecolodge tented cabins is erected onsite.
2010: Nipton solar plant is brought online.
2015: Freeman family puts Nipton on real estate market for $5 million dollars.
4. American Green Says They Have More Shareholders Than Any Other Company In The Industry
American Green, Corp., became one of the first publicly traded technology companies in the cannabis industry. The company now claims to have over 50,000 shareholders, more than any other company in the cannabis sector.
They are also involved with the sale or creation of several apps supporting cannabis and small businesses alike including the Blaze Now dispensary locator which can be found in both the Apple and Android app stores and the company’s own Xpress app.
The company also recently introduced an age and ID verifying platform known as AGM. American Green calls it the world’s most advanced smart-vending operating system featuring biometric verification.
5. Nipton Has Been Featured in Several Movies
In addition to being a destination for international travelers seeking the vanishing Old West, bikers on day trips and campers, several movies have shot scenes in Nipton, according to the Las Vegas Review Journal.
The town collects a locations fee when movies shot there, as was the case with 1999’s “Play it to the Bone,” during which stars Antonio Banderas, Woody Harrelson and Lucy Lui stopped in the store, according to Lang.
1997’s “Breakdown” filmed in Nipton as well.
“Kurt Russell was flown in every day by helicopter from Malibu and signed our guest book,” said Freeman.
Nipton is also the base for the Mojave Death Race, a team relay run held every June through the preserve.
Many plant experiments have been undertaken in Nipton as well. Most recently a hydroponic herb farm to serve the Las Vegas restaurant market was proposed but didn’t get off the ground, according to the Las Vegas Review-Journal.