Planet 13 Revenue Soars 63% as Las Vegas Takes Off — CFN Media

SEATTLE, Dec. 21, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering the Las Vegas cannabis market and Planet13’s success within it. The cannabis industry is projected to reach $75 billion by 2030, according to Cowen Co., driven by the legalization of recreational cannabis across a growing number of states. Since legalizing recreational cannabis at the beginning of the year, Nevada—and Las Vegas in particular—has consistently been breaking sales and tax revenue records, while avoiding many of the oversupply and taxation problems facing other states.

Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) recently reported record third quarter financial results showing a 63% increase in revenue and a 78% improvement in gross margins thanks to its successful execution in Nevada.

... read more at: