Planet 13 to open Sarasota dispensary on August 21

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Key Highlights

Planet 13 Holdings Inc. announced the opening of a new Sarasota dispensary at 2460 Stickney Point Road on August 21, 2026. The 2,600-square-foot location targets a high-income coastal market and aligns with the company's strategy to increase market density in Florida. Co-CEO Bob Groesbeck highlighted the area's strong demographic fit for the medical cannabis program.

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Planet 13 Holdings Inc. is set to expand its Florida retail network with the opening of a new dispensary in Sarasota on August 21, 2026. Located at 2460 Stickney Point Road, the store will serve a high-income coastal market characterized by strong year-round demand from residents and seasonal visitors. The new location is positioned along a high-traffic retail corridor at the intersection of Stickney Point Road and Highway 41, the primary route to Siesta Key.

The Sarasota dispensary spans 2,600 square feet and reflects Planet 13's capital-efficient Florida store model. This approach combines low build-out costs with attractive store-level economics while maintaining the company's premium retail standards. The site also offers flexibility for future merchandising initiatives.

"Sarasota is one of Florida's most affluent coastal communities, and it's exactly the type of market where our retail model performs best," said Bob Groesbeck, Co-CEO of Planet 13. He noted that the area's mature, healthcare-oriented demographic aligns naturally with Florida's medical cannabis program, expecting the store to be a consistent performer from the outset.

This opening is part of Planet 13’s broader statewide strategy focused on increasing market density, enhancing brand visibility, and driving margin expansion. The company currently operates vertically integrated cannabis operations in Nevada, Illinois, and Florida.

Key Details of the Sarasota Location

Feature Detail
Address 2460 Stickney Point Road, Sarasota
Size 2,600 square feet
Opening Date August 21, 2026
Strategic Focus High-income coastal market, year-round demand

How will the performance of the Sarasota location influence Planet 13's timeline for opening additional dispensaries in other affluent Florida markets?

What specific merchandising initiatives does Planet 13 plan to test at this location given its flexibility for future retail strategies?

How does the capital-efficient model used in Sarasota compare to the unit economics of the company's larger SuperStores in Nevada and Illinois?

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