4 Reasons This Cannabis Company's Superstore Model Will Drive Long-Term Growth
In this clip from Motley Fool Live, recorded on Dec. 9, Motley Fool contributors Matt Frankel, Jason Hall, and Marc Rapport analyze how the brick-and-mortar, experiential element of one cannabis company gives it a massive edge.
Matt Frankel: The hogfather says on Planet 13 (OTC:PLNH.F), "do you think it's a real advantage to having the superstore?" I'd love to get your perspective on this as well. Both of you. "I would see it as a liability to have such a large location with high overhead and reinvestment requirements when you can instead sell in-store a ton of pot in tiny stores," his words not mine, "widely distributed." We say cannabis on this show. I would say that I think the superstore could be a liability except for two things. One, it's a tourist attraction based on where it's located. It's in Las Vegas. It's very close to the strip. People aren't going to get into a cab and go to a tiny neighborhood store to get marijuana in Las Vegas. They'll just buy from whomever is selling it on the strip. It's a tourist attraction, one. Two, it gives them space to actually make their product. They actually make their products in the facility. In that way, it doubles as a warehouse/production facility in addition to a dispensary.
Source Fool.com