Planet 13’s Robert Groesbeck Shares Outlook on Nevada’s Adult-Use Market

written by Matthew Carr
Thursday, February 28, 2019

This is individual research and does not constitute investment advice.

In 2018, cannabis spending at U.S. dispensaries topped $10.5 billion.

And, for the first time ever, adult-use sales outperformed medical ones.

For the year ahead, global cannabis sales are expected to surge more than 39% to $17 billion.

But, as I’ve so often said, this is just the beginning.

By 2030, the U.S. cannabis market is expected to be worth $80 billion. And the global market will be worth upward of $500 billion.

So there’s a considerable amount of growth ahead…

Of course, consumers need somewhere to purchase all of this cannabis – both recreational and medical. This is why we’ve seen a rapid expansion in dispensaries. They’re vital in the U.S. market.

And my guest in today’s episode – Robert Groesbeck, co-CEO of Planet 13 Holdings (OTC: PLNHF) – has plenty of experience running a successful retail operation.

Planet 13 has the distinction of operating the largest dispensary in the world – what’s commonly referred to as the Superstore.

Groesbeck shares with us what makes the modern dispensary experience so important to the cannabis consumer, as well as his thoughts on on-site consumption lounges, the future of the Nevada market, consumer trends and more.

This is an interview investors shouldn’t miss!

Good investing,

Matthew