The name Trulieve is on more than 20 marijuana dispensaries in Arizona.
On Wednesday, shares of the company are scheduled to start being traded on the New York Stock Exchange.
Marijuana is still federally illegal.
Trulieve’s path to getting listed on the New York Stock Exchange was paved by the Trump administration having recently rescheduled state licensed medical marijuana as a less dangerous drug.
To qualify for the exchange, Trulieve did a corporate restructure, added an investor, and broke medical and recreational operations into separate entities.
Arizona dispensaries have dual licenses and aren’t part of the new medical company.
Recreational marijuana is still classified with heroin by the U.S. government.
More Arizona Marijuana News
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The Trump administration reclassified medical marijuana as a less dangerous drug in April. A weekslong hearing on whether to put recreational use in the same category starts Monday in Washington, D.C. -
Respondents to a survey in Colorado expressed interest in trying cannabis as an alternative to pharmaceutical medications and because they had exhausted other interventions. -
The company is a growing operation, and according to Aeriz’s website, it uses 95% less water than traditional soil farming, in a state that desperately needs it. -
A payment processor for marijuana dispensaries has been ordered by the Arizona Corporation Commission to pay back retirees hundreds of thousands of dollars. -
Workers at a midtown marijuana dispensary say they’ve ratified a union contract with the company Curaleaf, which is publicly traded in Canada.
