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Cannabis grower American Green buys entire CA town. Plans to turn it into a weed resort

Posted on 8/4/17 at 9:26 am
Posted by Jim Rockford
Member since May 2011
106105 posts
Posted on 8/4/17 at 9:26 am
LINK

quote:

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.

American Green, based in Tempe, Arizona, will use the existing structures and build new ones -- powered by renewable energy -- to revitalize the town, said project manager Stephen Shearin. Ideally, the outpost will spawn imitators, he said.

“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 here?’” he said.
Posted by TigerNlc
Chocolate City
Member since Jun 2006
33222 posts
Posted on 8/4/17 at 9:26 am to
Good
Posted by The Egg
Houston, TX
Member since Dec 2004
83930 posts
Posted on 8/4/17 at 9:28 am to
stock ticker is ERBB for anyone interested

currently trading at .0016
This post was edited on 8/4/17 at 9:29 am
Posted by Sasquatch Smash
Member since Nov 2007
25964 posts
Posted on 8/4/17 at 9:28 am to
quote:

a school building


For all the lazy, slacker kids?
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43551 posts
Posted on 8/4/17 at 9:28 am to
Ricky and Julian did this a long time ago at SunnyVale.
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84835 posts
Posted on 8/4/17 at 9:31 am to
Just bought a thousand shares
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 8/4/17 at 9:33 am to
quote:

currently trading at .0016


It should be up to .0420 soon.
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 8/4/17 at 9:35 am to
quote:

stock ticker is ERBB for anyone interested




sigh...I hope none of you actually do buy.

Posted by northshorebamaman
Mackinac Island
Member since Jul 2009
38577 posts
Posted on 8/4/17 at 2:55 pm to
quote:


The company has acquired the tiny burg of Nipton, California,

Caesar's Legion isn't going to like this.
Posted by DavidTheGnome
Monroe
Member since Apr 2015
31597 posts
Posted on 8/4/17 at 3:09 pm to
So pot is legal in CA? When did this happen? Is it for recreational use too?
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64699 posts
Posted on 8/4/17 at 3:12 pm to
Yes, completely legal and it happened the same day Trump was elected President even though everyone in California thought the world was going to end.
Posted by DavidTheGnome
Monroe
Member since Apr 2015
31597 posts
Posted on 8/4/17 at 3:12 pm to
Well i'll be darned. Has it taken effect yet?
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 8/4/17 at 3:13 pm to
In SF for work today and laughed at the bus ads for Weed Dispensaries.
Posted by Breesus
Unplug
Member since Jan 2010
69549 posts
Posted on 8/4/17 at 3:13 pm to
quote:

create a pot-friendly tourist destination. 


frick. Yes.
Posted by The Egg
Houston, TX
Member since Dec 2004
83930 posts
Posted on 8/7/17 at 9:37 am to
quote:

stock ticker is ERBB for anyone interested

currently trading at .0016
quote:

sigh...I hope none of you actually do buy.
up 150% as of now from .0016 to .0040

not an endorsement to buy tho
Posted by tidalmouse
Whatsamotta U.
Member since Jan 2009
30706 posts
Posted on 8/7/17 at 9:43 am to
In.
This post was edited on 8/7/17 at 11:24 am
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 8/7/17 at 9:51 am to
quote:

buys entire CA town


The title makes it sound huge. They bought a plot of land around which 20 people happen to live. It's not an incorporated city.
This post was edited on 8/7/17 at 9:51 am
Posted by SamuelClemens
Earth
Member since Feb 2015
11727 posts
Posted on 8/7/17 at 9:57 am to
Look out Amsterdam!

NOLA and the state of LA better get on the ball with this quick before the country is over saturated with cannibus towns.
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