Legal Weed In Florida? Why Planet 13 Is Doubling Down On A $225M Bet Before 2026
A recent equity research report by Pablo Zuanic from Zuanic & Associates highlights the significant potential of Planet 13 Holdings (OTC:PLNH) in the Florida market following the company’s acquisition of VidaCann.
The report underscores Planet 13’s strategy for growth in the Sunshine State, particularly in anticipation of possible recreational cannabis legalization by mid-2026. “PLNH is up 26% in the last 30 days as investors begin to appreciate the stock’s FL upside. We see room for the stock to continue to outperform,” Zuanic wrote. Florida’s cannabis legalization initiative known as Amendment 3 will appear on the November 2024 ballot.
Florida Market Expansion
The acquisition of VidaCann, completed for $63.4 million on May 10, 2024, has positioned Planet 13 to expand its footprint in Florida. The company plans to open six additional stores by the end of 2024, with three already set to open soon, including …