With Cannabis Dreams Dashed, Town of Nipton Goes on Sale for $2.75 Million
You win some, you lose some. And the owners of Nipton, California definitely lost.
The tiny town in unincorporated San Bernardino is back on the market four years after it was purchased with the hopes of turning it into a cannabis tourism spot.
Those dreams were quickly crushed. After purchasing the town for $5 million in 2017, cannabis company American Green ran into a brick wall. County policy prohibited commercial cannabis activity in unincorporated areas — and still does.
American Green offloaded the 80-acre site for $7.7 million, but still planned to build a cannabis-themed resort. That idea fell through too. The town was eventually foreclosed on. Then it was shut down during the pandemic. It’s now listed for just $2.75 million.
"I just don't see this being a marijuana cornucopia destination type place," self-designated Nipton Mayor, Jim Eslinger acknowledged (KTNV).
Read more about the town of Nipton here.