Planet 13 Holdings Rises on Nevada Pot Lounge Vote
Planet 13 Holdings (OTC: PLNH.F), whose key asset is a glitzy "cannabis entertainment complex" in Las Vegas, stands to benefit handsomely from an upcoming state law. A bill that allows for the creation and operation of marijuana consumption lounges passed its final legislative hurdle with flying colors, overwhelmingly passing in the state senate by a 17 to 3 majority, with one abstention.
The bill must be passed to Governor Steve Sisolak for his signature; once signed, it will become law. Given its overwhelming support from lawmakers and Nevada's general permissiveness of the cannabis industry, it's almost a certainty that Sisolak will sign it.
Image source: Getty Images.
Source Fool.com
