Planet 13 Acquires Rival Las Vegas Cannabis Dispensary Exhale for $6.9 Million

Sep 14, 2024, 04:39 AM

Planet 13, a prominent cannabis dispensary in Las Vegas, has expanded its footprint by acquiring rival dispensary Exhale for $6.9 million. This strategic move has been described by a marijuana business consultant as 'a step in the right direction' for the Las Vegas cannabis industry. Christopher LaPorte, managing partner of RESET, a cannabis consulting firm, noted that commanding both the north and south sides of the Vegas Strip is a smart strategy for capturing tourist traffic. The sale price of $6.9 million reflects a positive valuation trend for local cannabis businesses.