Trulieve Makes History on the NYSE
In this episode of Trade To Black: Trulieve (NYSE: TRLV) made history this week after receiving approval to begin trading on the New York Stock Exchange, with CEO Kim Rivers set to ring the opening bell on Wednesday — marking the first time a cannabis company has listed on a major U.S. senior exchange. Trulieve’s NYSE listing is already generating increased volume and retail interest ahead of the official debut, with the stock appearing on platforms like Robinhood.
Michael Bronstein, president of the American Trade Association for Cannabis and Hemp, joins the show to offer a capital markets perspective on the listing. We also discuss the news in Virginia, where Governor Abigail Spanberger’s veto of an adult-use cannabis bill has set up a new push to attach cannabis language to the state budget. There is a credible path forward, and the blowback from the veto appeared to surprise the governor.
Indiana also drew attention after Governor Mike Braun signaled openness to cannabis reform, not as a personal endorsement but as a pragmatic acknowledgment that the state is losing an estimated two billion dollars annually in revenue to surrounding legal markets. Bronstein called this framing — “I don’t necessarily support it, but we’re surrounded and it’s the logical thing to do” — a sign of genuine policy maturation, and suggested the federal rescheduling announcement has accelerated similar conversations in multiple states.
A busy week of programming this week, including a Tuesday conversation on M&A hypotheticals with Scott Grossman, and a debut appearance from investor Andrew O’Connell discussing trading volume expectations for Trulieve’s NYSE debut. This and more when you tune in.
