SANTA ANA, CA — The largest marijuana dispensary in California is shutting down after reporting millions of dollars in losses, SFGate reported.
Planet 13 opened five years ago at 3400 W. Warner Ave. in Santa Ana, boasting a size four times larger than an average Trader Joe’s, an interactive wall of TV screens, a Volkswagen bus that emits smoke and several props.
The store’s parent company, Planet 13 Holdings, announced in November that it would sell that 55,000-square-foot store due to the deep financial losses, according to Cannabis Business Times.
According to Business News Wire, Planet 13 reported a $44 million net loss in 2025, with company leaders stating that the Orange County location added a financial strain on the company.
“Exiting California eliminates a persistent cash drain and allows us to focus our resources on Nevada and Floria, markets where we have clear competitive advantages and paths to strong returns,” Planet 13 Co-CEO Bob Groesbeck said.
California cannabis chain Catalyst Cannabis took over the store this week, SFGate reported.