This paper draws on the work of E. P. Thompson to understand anticapitalist resistance in northern California in the 1960s and 1970s. Through an analysis of the back-to-the-land movement in a region I call “Claytown,” I show how the making of a rural moral economy was in part enabled by the presence of a nascent marijuana industry. However, whereas a relatively small-scale marijuana industry helped forge anticapitalist resistance in the 1960s and 1970s, this industry has become a form through which values of capitalist political economy are being instantiated and reasserted. I situate my ethnographic analysis within a broader historical and legal framework to show how a contemporary moral economy is made and increasingly unmade in the context of late capitalism.