Mentioned:
One of the biggest cannabis companies in America is preparing to make their Wall Street debut.
What’s happening:
- Trulieve Cannabis (CSE: TRUL) has officially been approved to list on the New York Stock Exchange
Why it matters:
- Trulieve Cannabis is one of the single largest publicly traded cannabis companies in North America and has over 200 retail locations across the United States
Going deeper:
- Trulieve Cannabis has more than 4M square feet of cultivation and processing capacity in the United States in addition to their large network of dispensaries
- Cannabis policy has been coming into major focus in the United States lately, which has largely been fuelled by President Donald Trump previously signing a new executive order directing the Drug Enforcement Agency to reschedule cannabis to a Schedule IIII controlled substance
The intrigue:
- Trulieve Cannabis has also been making moves into the THC infused beverage business, notably launching their own drink brand known as Onward which is fully compliant with the Farm Bill regulations in the United States and can be shipped to any state where cannabis is legalized for adult use
