American Green, Inc., a publicly-traded, technology-focused medical cannabis company, recently purchased the entire town of Nipton, California for $5 million with the intention of modernizing the locale into a cannabis-friendly and sustainable recreational destination.

The historic mining town has a current population of about 20 inhabitants and is located roughly an hour south of Las Vegas, Nevada in the far northeastern corner of California’s San Bernardino County. The town, a short distance from Interstate-15, is also roughly three hours east of Los Angeles and on a major route connecting regional centers like San Diego and Salt Lake City, Utah. The company hopes that with increasing legalization, the booming recreational cannabis trade will be an economic boon to the region.

Under American Green’s stewardship, the 120-acre town will become a hub for recreational cannabis use and cannabis normalization at the municipal level. American Green plans to use the town as a testing site for cannabis-friendly regulation and has plans for opening a slew of bed and breakfasts, hotels, and production facilities for edible cannabis products with the intent of creating a complete “small town experience,” according to a press release. An artist-in-residence program is even in the works, as are plans for extensive eco-tourism initiatives. The company will also pay to expand a nearby solar farm with the intent of making Nipton energy independent while also upgrading the town’s water aquifer and water delivery systems.

David Gwyther, chairman and president of American Green, said in a statement, “We are excited to lead the charge for a true ‘Green Rush.’ The cannabis revolution that’s going on here in the US, has the power to completely revitalize communities in the same way gold did during the 19th century.”

The company is currently in the planning stages of the project and is soliciting input and public comment via its website.