There has been no shortage of hype surrounding cannabis stocks in recent years, but the reality is that not all marijuana stocks are great investment opportunities. In this Fool Live video clip, recorded on Dec. 9, Fool.com contributors Matt Frankel and Jason Hall discuss Planet 13 Holdings (OTC:PLNH.F) and why Frankel is so bullish on it.
Matt Frankel: This is a company called Planet 13 Holdings. They trade over the counter, but they are a legitimate business, unlike a lot of the marijuana companies that you’ll see. If you click on a random Internet article that says three marijuana stocks, chances are they’re not the best businesses. But this one actually is. They are a physical place. They operate distribution, a big dispensary, they operate some smaller neighborhood stores, they have their own brands, they grow and cultivate their own products, they have their own brands that they sell through third-party distributors. This is not a big company, but these are big dispensaries.
I don’t know if either of you have been to their facility in Las Vegas. It’s roughly the size of the average Walmart (NYSE:WMT). It’s a big dispensary and people are generally shocked when they