Marijuana Official Describes ‘Very Real Damages’ During Nevada Cannabis Licensing Hearing

Planet 13 Co-CEO Bob Groesbeck testified that his company is losing up to $1.5 million per month because of a cannabis license injunction hearing that could go into August.

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July 16, 2019

A marijuana industry executive testified Monday that his company is losing up to $1.5 million per month because of a cannabis license injunction hearing that could go into August.

“As I sit here today, I’m losing $1.5 million or more per month on a mothballed facility,” said Bob Groesbeck, co-CEO of Planet 13 Holdings Inc. and the former mayor of Henderson. “Those are very real damages. Those have a very real impact to my bottom line.”

Planet 13’s parent company, MM Development Co. Inc., is one of a number of dispensary companies that combined to file an injunction earlier this year against Nevada over its handling of a competitive retail cannabis license application process.

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Recently, Cannapunch cannabis workers in Las Vegas voted to join the United Food and Commercial Workers Local 711 in order to have a voice on the job and secure the benefits that a union contract provides. This 32-person unit is the first cannabis processor in the state of Nevada to vote to join UFCW Local 711.

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