No Pipe Dream: Cannabis Company Buys California Town – LAUREL WAMSLEY August 4, 2017 3:23 PM ET

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One of the nation’s largest cannabis companies announced it has bought the entire 80-acre California desert town of Nipton. A family walks along train tracks in the town on Thursday.

John Locher/AP

Nipton, Calif., 60 miles south of Las Vegas, isn’t convenient to much. It sports a hotel, a trading post, a historical plaque and a whole lot of passing trains.

And as of this week, Nipton has something else: a cannabis company for an owner, with designs on turning the hamlet into a pot-centric tourist destination.

“[W]e are thrilled to begin work on this first-of-its-kind eco-tourism experience for conscious cannabis consumers,” David Gwyther, chairman and president of American Green, said in a statement announcing the purchase.

The 80-acre town was put up for sale last year for $5 million.

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