When the rodeo left Las Vegas, it removed the last big event this year that could have re-energized the city’s Strip and battered convention business.

The Professional Rodeo Cowboy Association’s National Finals Rodeo, held in Las Vegas since 1985, moved to Arlington, Texas, in September because of Nevada’s pandemic restrictions. The 10-day rodeo attracted 170,000 fans last year and ranks as one of Las Vegas’s top draws annually.

As other states have opened more swiftly, Nevada’s public-health restrictions and a weakened travel industry have kept conventions and meetings from returning to Las Vegas, a continuing setback for the city’s battered casino industry and the state’s overall economy. City officials and event producers say they expect Las Vegas’s convention business to return as coronavirus concerns ease, but no one knows when that might be or how conventions will be operating by then.

As other states have opened more swiftly, Nevada’s public-health restrictions and a weakened travel industry have kept conventions and meetings from returning to Las Vegas. (AP Photo/Wayne Parry)

Nevada Gov. Steve Sisolak recently increased the maximum gathering size to 250 people, from 50. Conventions of up to 1,000 people are also allowed, as long as attendees remain separated into 250-person sections, including partitioned waitstaff and amenities.

In a Sept. 29 news conference, Mr. Sisolak said Nevada is taking safe steps in reopening “with the goal of preventing a rollercoaster of up and down cases that leads to uncertainty for…meeting and convention and event planners.”

MGM SAYS IT CAN SAFELY HOST CONVENTIONS DURING COVID-19

The Las Vegas Strip has transformed over the past two decades into a hub for conventions and events, competing with cities like Orlando, Chicago and New Orleans. Casino companies have relied on group

Researchers tested a new form of medical marijuana that treats pain but doesn’t get the user high, prompting patients who need medical marijuana to declare, ‘Thank you?’ – Jimmy Fallon

When Vegas steps in, you know it will be big, loud, and flashy, and Planet 13 Holdings Inc. (OTCQX:PLNHF) exemplifies this perfectly.

Planet 13 Holdings Inc. is a vertically integrated cannabis company based in Las Vegas, Nevada. The company is probably best known for its massive cannabis superstore located just off the Vegas strip. Their flagship store recorded an impressive $63M in revenue and over one million visitors in 2019, accounting for nearly 10% of all of Nevada’s cannabis sales that year.

A store of this kind would have been unheard of only a few years ago. At 13,000 square feet, this complex is massive. Consumers have access to a coffee shop, bistro, event space, and, of course, the dispensary itself.

It’s far closer to a ‘cannabis experience.’ Something you’d expect only Las Vegas to birth. It’s a destination in and of itself for cannabis connoisseurs visiting Sin City. Not only that, but much of the product sold in this superstore is produced directly by Planet 13 Holdings Inc. Nearly 30% of all sales in the superstore were inhouse brands.

Source: Planet 13 September 2020 Corporate Presentation

Compared to its peers, PLNHF has performed remarkably well since its inception in 2018, though the last two months have seen the name fall by over 25%. However, this recent drop may offer an opportunity to obtain exposure to PLNHF at a discounted price.

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Source: YCharts

Like most businesses, Planet 13 didn’t escape the economic pain brought on by COVID. Q2 2020 revenue was down at $10.76M compared to the previous four quarters, which all surpassed $16M. Lockdowns all but closed their superstore

Jockey John Velazquez riding Authentic, right, crosses the finish line to win the 146th running of the Kentucky Derby at Churchill Downs, Saturday, Sept. 5, 2020, in Louisville, Ky. (AP Photo/Jeff Roberson)

Jeff Roberson/Associated Press

The 2020 Preakness Stakes will be held Saturday without spectators at Pimlico Race Course in Baltimore to close out an unprecedented Triple Crown season.

Authentic returns after winning the Kentucky Derby in early September. A rematch with Tiz the Law won’t happen Saturday, however, as the Belmont Stakes winner’s connections have instead pointed their colt toward the Breeders’ Cup Classic in November.

It’s still a talented field of three-year-old contenders with several legitimate challengers to Authentic. Let’s check out all of the key information for race day followed by a preview of the Run for the Black-Eyed Susans.

          

Key Information

Where: Pimlico Race Course in Baltimore, Maryland

When: Saturday, Oct. 3 at 5:45 p.m. ET

Watch: NBC

Live Stream: NBC Sports Live

Prize Money: $1 million purse

         

Field and Odds

1. Excession: 30-1

2. Mr. Big News: 12-1

3. Art Collector: 5-2

4. Swiss Skydiver: 6-1

5. Thousand Words: 6-1

6. Jesus’ Team: 30-1

7. Ny Traffic: 15-1

8. Max Player: 15-1

9. Authentic: 9-5

10. Pneumatic: 20-1

11. Liveyourbeastlife: 30-1

Betting lines via the Preakness’ official website.

         

Race Preview

Authentic is the rightful Preakness favorite after an impressive showing in the Derby that saw him keep Tiz the Law, and the rest of the field, at bay for the entire stretch run.

It was his second straight terrific performance after a similarly dominant effort in July’s Haskell Stakes, which suggests he’s peaking at the perfect time and could join Tiz the Law as a Breeders’ Cup Classic contender with another strong showing in the Preakness.

In all, he’s won five of his six career starts, but Saturday’s Triple Crown finale likely won’t be a runaway.

Art Collector arrives off back-to-back impressive wins in the Blue Grass Stakes and Ellis Park Derby,