California’s Biggest Cannabis Shop Is Dead After Burning Cash For Years
Catalyst Cannabis has taken over the location this week
Planet 13 was supposed to revolutionize legal cannabis. The marijuana superstore opened five years ago in Orange County with fanfare and predictions that its walls of TV screens and massive footprint would change how everyone bought weed.
Instead, it has crumbled under the weight of its own eight-tentacled statue.
The store’s parent company, Planet 13 Holdings, announced in November that it was selling the 55,000-square-foot Santa Ana store, known as Planet 13 Santa Ana, after millions of dollars in losses. California cannabis chain Catalyst Cannabis took over the store this week, CEO Elliot Lewis told SFGATE, ensuring that the fate of California’s largest cannabis retail store was sealed.
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