Planet 13 Holdings

Planet 13 Holdings
CSE: PLTH and OTCQX: PLNH
IndustryCannabis
Headquarters
Nevada
,
United States
Key people
ProductsMedical cannabis, Recreational cannabis, vape pens and smoking accessories
BrandsPlanet 13 Las Vegas, Medizin, Trendi, Leaf & Vine, Purc, Planet M
Websitehttps://www.planet13holdings.com

Planet 13 Holdings, Inc. is a cannabis company based in Nevada, United States.[1] On Nov 1, 2018, the company opened its cannabis dispensary in Las Vegas which became the largest cannabis dispensary in the world at 112,000 square feet.[2]

The company operates through Planet 13 Cannabis Superstore & Entertainment Complex as well other sub-brands like Medizin, Trendi, Leaf & Vine, PURC and Planet M. The product portfolio of the brands are primarily cannabis products while PURC is a coffee brand.[3]

The company expanded across the United States and had dispensaries in Orange County, California, Florida, and Illinois.[4]

History

Planet 13 Holdings is run by its two CEOs Bob Groesbeck and Larry Scheffler, who are both former politicians. Groesbeck served as the mayor of Henderson, 16 miles away from Las Vegas, from 1993 to 1997, and Scheffler served as a councilman for Henderson.[5][6]

The company has a cultivation license in Nevada with a capacity of 950 kg per year. It also has two retail licenses to sell both medical and recreational cannabis.[7]

The company opened a retail outlet near the Las Vegas Strip in 2018. It was the largest cannabis dispensary in the world measured by square footage at 40,000.[8][9] It serves an average of 3,575 customers per day.[10] It is open 24 hours seven days a week.

In 2021, Planet 13 Holdings purchased a medical marijuana subsidiary of Harvest Health and Recreation for $55 million. The store will be known at Planet 13 Florida.[11] In 2022, the company purchased Next Green Wave to expand operations in California.[12]

In July 2021, the company opened Planet 13 Orange County in Santa Ana, California.[13][14][10] The largest dispensary in California, it features an 89-foot digital waterfall, a computerized interactive beach, and a 16-foot octopus sculpture.[13] In 2025, they sold the money losing location to Catalyst Cannabis who planned to extensively reduce the size of the store.[15]

References

  1. ^ "Planet 13 Holdings Inc - Company Profile and News". Bloomberg.com. Retrieved June 24, 2019.
  2. ^ Im, Jimmy (November 3, 2018). "The world's largest cannabis dispensary just opened in Vegas—and it has an entertainment complex attached". CNBC. Retrieved June 24, 2019.
  3. ^ "About: Planet 13 Holdings, INC".
  4. ^ "Planet 13 Holdings says it has received approvals to expand cultivation in Nevada". Proactiveinvestors NA. September 26, 2022. Retrieved January 7, 2023.
  5. ^ Chen, Angela (November 15, 2018). "We visited the world's largest cannabis dispensary". The Verge. Retrieved June 24, 2019.
  6. ^ Robert Kachelreiss (July 30, 2018). "Check Out the World's First Cannabis Superstore in Las Vegas". Leafly.
  7. ^ "Planet 13: One Cannabis Store Is Not Enough". April 26, 2019.
  8. ^ Winkie, Luke; McManus, Brian (August 10, 2018). "After Planet 13, Marijuana Tourism Will Never Be the Same". Vice. Retrieved June 25, 2019.
  9. ^ Rense, Sarah (October 30, 2018). "The World's Largest Weed Dispensary Is About to Open Near the Las Vegas Strip". Esquire. Retrieved June 25, 2019.
  10. ^ a b Saletta, Chuck (October 30, 2018). "3 Top Small-Cap Stocks to Buy Right Now". Motley Fool. Retrieved November 20, 2019.
  11. ^ "Planet 13 to enter Florida via $55 million purchase of cannabis operator". MJBizDaily. September 1, 2021. Retrieved January 10, 2023.
  12. ^ Graham, Patrick M. (March 2, 2022). "Planet 13 completes acquisition of Next Green Wave to gain cultivation and production operations in California". Proactiveinvestors NA. Retrieved January 7, 2023.
  13. ^ a b Tschorn, Adam (July 1, 2021). "The 7 things to look for at the new weed wonderland not far from Disneyland". Los Angeles Times. Retrieved January 13, 2023.
  14. ^ Pimentel, Joseph (July 8, 2021). "With $30 million in revenue from cannabis, Santa Ana welcomes Planet 13". spectrumnews1.com. Retrieved January 13, 2023.
  15. ^ Black, Lester (February 12, 2026). "California's biggest pot shop is dead after burning cash for years". SFGATE.
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