Planet 13 receives DEA registrations for all 34 Florida dispensaries
The company identifies its entire Florida retail network, while federal security, inventory and recordkeeping requirements continue.
Adrian Kessler
The U.S. Drug Enforcement Administration has issued federal registrations to Florida medical marijuana dispensaries, according to a company announcement on Wednesday. Planet 13 Holdings Inc. CNSXPLTH OTCMKTSPLNH said the authorizations cover all 34 of its state-licensed dispensaries in Florida.
The announcement identifies the reach of federal registration across the company's Florida retail network. It does not identify registration numbers, individual certificate conditions or authorizations for manufacturing and distribution, and it provides no estimate of compliance costs or financial benefits.
Planet 13 is a small, vertically integrated U.S. cannabis operator with cultivation, production and retail operations in Nevada, Illinois and Florida. Its Florida announcement concerns medical dispensaries rather than federal authorization for every activity across those states.
Shares were quoted at C$0.11 on the Canadian Securities Exchange at the Nov. 3 close, as of 4 p.m. EST, according to Google Finance’s CNSXPLTH. That price precedes Wednesday's announcement and establishes no market reaction to the registrations.
The Florida network is part of a business still reporting losses. In its Aug. 12 earnings release, Planet 13 reported second-quarter revenue of US$22.9 million and a net loss of US$5.6 million. Cash and restricted cash totalled US$16.5 million at June 30, while Florida revenue increased 17.1 per cent from the preceding quarter.
"Our Florida team moved quickly and thoroughly to complete registration applications for all 34 locations, and their work is the reason we are among the first operators registered under the new framework," Planet 13 co-chief executive Robert Groesbeck said in the release.
Trulieve Disclosed No Registration Count
Trulieve Cannabis Corp. NYSETRLV announced on Nov. 2 that it had received registrations for medical marijuana dispensaries. Its release specified neither the number of registered dispensaries nor the states covered.
Planet 13's disclosure supplies a store count and a jurisdiction, allowing shareholders to identify the retail network covered. The two announcements do not establish that Trulieve's entire network is registered or that either company's manufacturing and distribution operations have received the same authorizations.
Read more: Trulieve receives DEA registrations for medical marijuana dispensaries
The broader sector benchmark is the Justice Department's Oct. 30 announcement, updated Nov. 3. Release 26-1276 said the initial registrations included more than 900 dispensaries across seven states, including Florida, and required successful completion of DEA pre-registration investigations.
Federal Registration Carries Continuing Controls
The framework comes from Attorney General Order 6754-2026, effective April 28. It established an expedited federal registration process for state medical marijuana licensees and placed covered medical marijuana products in Schedule III.
The Justice Department says state licensure alone does not confer federal registration. Registered dispensaries face federal security, recordkeeping and inventory controls, while manufacturer and distributor applications require additional review, including facility inspections, production controls and quota determinations.
Read more: DEA opens Form 225 registration choices for medical cannabis firms
The department says qualifying applicants with timely applications still pending may transact with other qualified applicants and newly registered entities, subject to the order's requirements. Dispensary registrations therefore do not establish that every supplier has completed federal registration.
The order does not authorize recreational marijuana or activities outside its defined scope, according to the department. Broader marijuana rescheduling remains a separate administrative proceeding.
Planet 13 gave no date for a further registration update. A subsequent disclosure identifying manufacturing or distribution authorizations would establish whether its federal registrations extend beyond the Florida dispensaries.
