A cannabis company buys a California ghost town: Is it a legitimate investment in the town, a publicity stunt to boost stocks prices or some combination of the two?
Until last week, Nipton, California (population: somewhere between 15 and 20, depending on who you ask) was a handful of buildings perched on eighty dusty acres — between the low-rent, last chance casinos of Las Vegas, Nevada’s far fringes and the vast expanse of the Mojave Desert. If it was known for anything (and it wasn’t) it was for being the nearest outpost where Nevada residents could buy California lottery tickets.
Now? The former mining town is internationally famous for being the first — and, so far, only — settlement to be purchased outright by a cannabis company.