Las Vegas Tourism Will Help This Cannabis Superstore Soar
In April, the volume of visitors to Las Vegas soared 2,300% year over year.
A year prior, Sin City had been a ghost town. The pandemic had grounded all travel, leaving the Las Vegas Strip abandoned.
But that mood is steadily changing.
Tourism is picking up speed. And Las Vegas is earmarked as the No. 1 destination for quarantine-weary Americans.
There’s a lot to see in Las Vegas, from Penn & Teller and Cirque du Soleil to the Blue Man Group and Britney Spears.
But one of my favorite places to stop by is Planet 13 Holdings‘ (OTC: PLNHF) SuperStore, where I’ve chatted with the company’s co-CEO, Robert Groesbeck.
This week, Robert and I discuss not only the return of visitors to the city but also a major piece of recently passed legislation that Planet 13 is perfectly positioned to benefit from.
The company has enjoyed three consecutive months of record sales. And that’s likely going to get even better.
We also discuss the cannabis company’s new Orange County, California, SuperStore that’s opening just weeks from now.
We delve into the cannabis-infused beverage outlook and the potential for a change at the federal level as early as this summer.
Travel is starting to return to normal, though there’s still quite a long way to go. But as a company uniquely positioned in the cannabis space, Planet 13 is already reaping rewards. And its outlook is only getting brighter as the company expands beyond Nevada.
Here’s to high returns,
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