American cannabis grower American Green has purchased the Californian Gold Rush town of Nipton for $5m and intends to turn it into a marijuana tourism hotspot.
According to Bloomberg, the Arizonian firm may invest $2.5m in beautifying its purchase over the next 18 months.
Included in the sale are 120 acres of land, a solar power plant, a hotel, general store, camping grounds, a school building, mineral baths and 20 residents.
American Green plans for Nipton to be powered only by the solar plant and to have an independent water supply.
David Gwyther, president of the company, said: "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."
The town’s previous owner is Roxanne Lang. Her late husband bought Nipton in 1984 and used it for mining, but put it up for sale last year.
Nipton is based on the northeastern border of Mojave National Preserve. It takes one hour to drive there from Las Vegas and three hours from Los Angeles.
Nevada and California both voted to legalise the recreational use of marijuana last year.
Nipton was founded in 1905 as the Los Angeles and Salt Lake Railroad opened and rose to prominence as a Gold Rush town. Shearin said: "The Gold Rush built this city, the Green Rush can keep it moving the way people envisioned it years ago."
Image: Nipton, with a freight train passing by (Wikimedia Commons/ Stan Shebs)