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Planet 13 stock seems to have achieved all kinds of popularity, perhaps because they own the biggest cannabis dispensaries on the planet in Las Vegas. That's where domestic bias might start creeping in. Just because a company has a cool looking store you visited doesn't mean it makes for a great investment. If we're thinking about investing in cannabis stocks, we'll want to stick with the largest multi state operators in the United States. Planet 13 is one of the smallest, and their four dispensaries don't offer much diversification. Gross margins are being compressed, like many other cannabis companies, and their cash stockpile is being eroded as they continue opening up more stuff that won't necessarily help sell more cannabis. The company's strategy is questionable and there are far better names out there to invest in. We'd pass on PLNH stock in favor of the larger MSOs out there.

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