is very competitive, with several companies expanding their footprints across more than a dozen states. This master plan isn't guaranteed to work. The company has ambitions to open more of these cannabis-focused entertainment complexes in major cities in the U.S., including New York City, Washington D.C., and Miami. Planet 13 recently opened another superstore in California, the largest U.S. It beat that record once again in May with monthly revenue of $11.2 million. It went on to beat that record in April when it racked up $10.7 million in revenue. The pot company reported record monthly revenue of $9.7 million in March. With a growing number of people fully vaccinated against COVID-19, foot traffic and tourism in Las Vegas are picking up, and Planet 13 is benefiting. Cannabis enthusiasts can witness firsthand the company's cannabis production process, purchase various marijuana products, and relax in the restaurant located right inside. Instead, Planet 13 offers its customers a whole experience in its superstore, located on the popular Las Vegas Strip. The company isn't content with selling cannabis products. And among these companies, Planet 13 Holdings arguably has one of the most innovative business models. marijuana industry a "generational wealth opportunity." Whether you agree with the exact wording of this assessment or not, there is no denying that many pot stocks do offer massive growth potential. Wall Street analyst Owen Bennett recently called the U.S. If you belong to the latter group, here are two stocks that are a bit on the risky side, but could deliver huge gains if their respective prospects pan out: Planet 13 Holdings ( PLNH.F 3.19%) and Cassava Sciences ( SAVA 7.74%). Many investors choose to stay away from those companies that seem too much like longshots.īut others actively seek out those stocks that the market characterizes as too risky, as the potential rewards are often mouthwatering. However, some carry more risks than others. There is no such thing as a risk-free investment in the stock market (or anywhere else, for that matter).
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