Don’t call it Weedland. A publicly traded marijuana firm called American Green says that it has purchased what it describes as an entire town in the California desert en route to Las Vegas. However, the company’s vision of a pot-friendly town full of weed businesses could run into the law. The local jurisdiction doesn’t really allow commercial, recreational or medical marijuana.
The 120-acre deal reportedly cost $15 million. The penny-stock company said in an announcement that the San Bernardino County town of Nipton would become the “country’s first energy-independent, cannabis-friendly hospitality destination.”