Planet 13 Expands Las Vegas Footprint

Planet 13 is making strategic moves once again, dropping $6.9 million to acquire a cannabis retail store in Las Vegas. This purchase isn’t just another notch in their belt—it’s a calculated play to further dominate the Nevada market. The deal includes the store’s license and its inventory, making it a seamless expansion. As Planet 13 continues to build its empire, the move showcases their aggressive approach to securing prime retail locations in high-demand areas like Las Vegas.

The company is no stranger to splashy moves, given its flagship SuperStore location—a cannabis retail experience akin to a tourist attraction on the Strip. This latest acquisition seems to follow a familiar script: grab a high-traffic location, drive brand exposure, and ultimately, boost revenue.

From a financial perspective, the price tag might raise eyebrows, but Planet 13 clearly believes in the long-term payoff. With Nevada’s recreational market showing no signs of slowing down and Las Vegas being the epicenter of cannabis tourism, this looks like a smart bet.

And in a market where access to licenses is increasingly competitive, grabbing a fully operational store for $6.9 million may well be a steal. For investors, this move signals that Planet 13 isn’t just sitting back waiting for growth to happen—they’re aggressively positioning themselves for it. Expect to see Planet 13 continue flexing its M&A muscles as it pushes for greater market share, especially in tourist-heavy markets where its brand already has significant traction.