EXCLUSIVE: Economic Impact Of Cannabis Lounges, Factors Shaping This New Consumption Trend
Portfolio Pulse from Joana Scopel
Cannabis lounges are emerging as unique establishments for legal marijuana consumption in a social setting, with states like California, Alaska, New York, and Colorado joining Illinois, Michigan, New Mexico, and Nevada in embracing this concept. These lounges contribute to job creation, generate tax revenue, stimulate local economies, and can lead to increased real estate activity. Planet 13 Holdings Inc. (OTCQX:PLNHF) recently announced the return of Cannabition in Las Vegas, with a first-of-its-kind consumption lounge.

July 12, 2023 | 8:24 pm
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Planet 13 Holdings Inc. is embracing the cannabis lounge trend with the return of Cannabition in Las Vegas, which includes a first-of-its-kind consumption lounge. This could potentially increase the company's revenue and customer base.
The establishment of a cannabis lounge by Planet 13 Holdings Inc. aligns with the emerging trend of cannabis lounges. This could attract more customers and increase the company's revenue, especially considering the location in Las Vegas, a major tourist destination. Therefore, the short-term impact on the company's stock is likely to be positive.
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