The Margin: Pot paradise planned as cannabis company buys California town

Welcome to Pot City, USA.

In a bid to create the country’s first marijuana-tourism destination, the town of Nipton, Calif., was bought for about $5 million last week by Arizona cannabis company American Green Inc.

The company said it intends to spend another $2.5 million in the next 18 months to build up the infrastructure of the tiny town (official population: six, as of 2016). That includes plans to bottle cannabis-infused water, cultivation of marijuana and production of edibles. The 120-acre town will also feature mineral baths, pot retail shops, artist-in-residence programs and lodging.

Tempe, Ariz.,-based American Grower said the onetime mining town will be powered entirely by renewable energy.

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