Planet 13 Holdings (OTC:PLNH.F) is a cannabis dispensary company that plans to expand its presence dramatically in the coming years, and it has established itself as a major brand in the Las Vegas market already. In this Fool Live video clip, recorded on Dec. 9, Fool.com contributors Matt Frankel, Jason Hall, and Marc Rapport discuss why Planet 13 has a big advantage as it grows.
Matt Frankel: Hogfather [a listener] says on Planet 13, “Do you think it’s a real advantage to having the superstore?” I’d love to get your perspective on this as well. Both of you. “I would see it as a liability to have such a large location with high overhead and reinvestment requirements. When you can instead sell in store a ton of pot in tiny stores” — his word not mine — “but they’re widely distributed.” We say cannabis on this show.
But I would say that I think the superstore could be a liability except for two things. One, it’s a tourist attraction based on where it’s located. It’s in Las Vegas, it’s very close to the Strip. People aren’t going to get into cab and go to a tiny neighborhood