Planet 13 generates roughly 10 percent of Nevada’s cannabis sales, a market share that has remained fairly steady throughout the pandemic, according to Groesbeck. Since last checking in with New Cannabis Ventures, the company has re-opened its Medizin dispensary in the state, supplementing the footprint it has with its Las Vegas superstore, which is in the midst of an expansion.
The company is expanding the superstore by approximately 7,000 square feet and adding more point-of-sale terminals. Even with limited capacity in the store, Planet 13 is experiencing some bottlenecks. The expansion of the superstore will position it for the expected demand once tourism can ramp up in Las Vegas. It is also adding a standalone retail store with merchandise and supplies to enhance the overall consumer experience.