Nipton owner Roxanne Lang says escrow hasn't closed yet.
American Green, a publicly owned compnay specializing in cannabinoids, purchased Nipton four months after it was auctioned off.
The company, which says it is the second oldest and largest publicly traded marijuana business in the US, plans to modernize the 80-acre town that boasts some 20 residents and make it the "country's first energy-independent, cannabis-friendly hospitality destination", and a hub for the manufacture of pot products, according to a press release.
The buyers are also reaching out to edibles manufacturers and other pot-industry businesses, hoping they'll be interested in relocating to Nipton and bringing jobs with them.
"We are excited to lead the charge for a true 'Green Rush, '" said David Gwyther, chairman and president of American Green after the announcement that it had acquired the century-old community.
Nipton was founded just over 100 years ago at the tail end of the California Gold Rush and today lies mostly dormant with a dwindling population of 20. It is best known for selling lottery tickets.
The few current structures in Nipton-a general store, school, and hotel-will be used, but American Green intends to invest up to $2.5 million more to make Bluntsville (my name, not theirs) as tourist- and eco-friendly as possible.
"I like to say it's conveniently located in the middle of nowhere", jokes Lang. The purchase includes the town and 120 acres of surrounding land which includes a massive solar electrical array nearby.
The small hotel has become a popular destination with desert aficionados and fans of the Old West, even though it's located so close to a major rail line that moves freight between Los Angeles and Salt Lake City that guests are handed earplugs when they check in. He said he hopes the new owners will let him and his wife stay.