{"id":176320,"date":"2026-02-13T09:00:08","date_gmt":"2026-02-13T09:00:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/176320\/"},"modified":"2026-02-13T09:00:08","modified_gmt":"2026-02-13T09:00:08","slug":"cas-largest-pot-superstore-closes-due-to-losing-millions-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/176320\/","title":{"rendered":"CA&#8217;s Largest Pot &#8216;Superstore&#8217; Closes Due To Losing Millions: Report"},"content":{"rendered":"<p>SANTA ANA, CA \u2014 The largest marijuana dispensary in California is shutting down after reporting <a href=\"https:\/\/www.sfgate.com\/cannabis\/article\/planet-13-california-21347765.php\" target=\"_blank\" rel=\"nofollow noopener\">millions of dollars in losses<\/a>, SFGate reported. <\/p>\n<p>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&#8217;s, an interactive wall of TV screens, a Volkswagen bus that emits smoke and several props. <\/p>\n<p>The store&#8217;s parent company, Planet 13 Holdings, announced in November that it would sell that 55,000-square-foot store due to the <a href=\"https:\/\/www.cannabisbusinesstimes.com\/us-states\/california\/news\/15770813\/planet-13-divests-california-dispensary-closes-cultivation-facility\" target=\"_blank\" rel=\"nofollow noopener\">deep financial losses<\/a>, according to Cannabis Business Times.<\/p>\n<p>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.<\/p>\n<p>&#8220;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 <a href=\"http:\/\/file:\/\/\/Users\/randy\/Downloads\/planet-13-announces-q3-2025-financial.pdf\" target=\"_blank\" rel=\"nofollow\">paths to strong returns,<\/a>&#8221; Planet 13 Co-CEO Bob Groesbeck said. <\/p>\n<p>California cannabis chain Catalyst Cannabis took over the store this week, SFGate reported.<\/p>\n","protected":false},"excerpt":{"rendered":"SANTA ANA, CA \u2014 The largest marijuana dispensary in California is shutting down after reporting millions of dollars&hellip;\n","protected":false},"author":2,"featured_media":176321,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[163,165,164],"class_list":["post-176320","post","type-post","status-publish","format-standard","has-post-thumbnail","category-anaheim","tag-anaheim","tag-anaheim-headlines","tag-anaheim-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/176320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=176320"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/176320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/176321"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=176320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=176320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=176320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}