American Green Inc (ERBB)

[Major1234]

https://www.insurancejournal.com/news/west/2018/03/28/484718.htm

Plans to turn the old California ghost town of Nipton into a marijuana paradise are on the back burner for now, although visitors to the area an hour outside Las Vegas are still encouraged to toke up privately.

David Gwyther, president of American Green, which bought Nipton last year, said Tuesday getting the myriad of approvals needed to turn it into a marijuana-themed resort could take some time.

In the meantime he says plans are proceeding to renovate the town for when that day comes.

Nipton recently got licenses to sell liquor and lottery tickets.

It’s also building a swimming hole and improving its small hotel.

Gwyther says American Green also recently sold the town to another company it owns in a bid to make it easier to obtain financing.