Princetown has a brewery producing the appropriately named Jail Ale, Legend, Dartmoor IPA, Dartmoor Gold, Dartmoor Best, Dragon's Breath and Three Hares. This used to be housed in the Prince of Wales pub, but now occupies a modern purpose-built building on the edge of the village, close to the former railway. The other pub is the Plume of Feathers (the Railway Inn - The Devils Elbow - closed as a pub in 2009). In April 2017 the go-ahead was given for the construction of a whisky distillery, which invoked controversy due to the destruction of buildings that this would entail. These are the 'Pocket Power Station' (the world's first unmanned power station) and the 'Pressed Men Building'. As of July 2020, construction of the building is in progress.