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Trulieve Cannabis Corporation (QX)

Trulieve Cannabis Corporation (QX) (TCNNF)

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weedisgreen weedisgreen 10 hours ago
https://www.orlandoweekly.com/cannabis/committee-aiming-to-legalize-recreational-marijuana-in-florida-raises-over-100-million-37849966
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weedisgreen weedisgreen 10 hours ago
Nice. "Thechartguy" said we have a confirmed bull flag. He has been pretty good calling things since I saw him a few months ago. Up and up we should go if he is right! I believe!
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HoldHigh HoldHigh 23 hours ago
TALLAHASSEE, Fla., Sept. 23, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., announced the opening of a new medical cannabis dispensary in Hudson, Florida.
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weedisgreen weedisgreen 3 days ago
To expose the double standards in Governor Ron DeSantis's stance on the hemp industry versus his opposition to recreational marijuana, here are some key points and contradictions:

## Veto of Hemp Regulation Bill (SB 1698)
- DeSantis vetoed SB 1698, which would have regulated and limited the sale of hemp-derived products containing delta-8 and delta-9 THC. He argued that the bill would impose "debilitating regulatory burdens on small businesses" and fail to achieve its purposes.
- **Contradiction:** While DeSantis advocates for "sensible, non-arbitrary regulation" of hemp products to protect public health and safety, he simultaneously opposes similar regulatory frameworks for recreational marijuana, claiming it would lead to widespread negative impacts.

## Support for Hemp Industry Interests
- DeSantis's veto was seen as a lifeline to the hemp industry, which had warned that the bill would decimate their businesses and cost Florida thousands of jobs and millions in revenue. The hemp industry has pledged significant financial support to DeSantis's campaign against the recreational marijuana amendment.
- **Contradiction:** DeSantis is willing to protect the hemp industry from stringent regulations, allowing them to continue selling products with psychoactive effects, but he opposes recreational marijuana legalization, citing concerns about public health and safety.

## Regulatory Double Standard
- DeSantis suggests that the hemp industry should be regulated to ensure purity, potency, and safety, with guidelines for labeling, packaging, and advertising that prevents appeal to minors. However, he does not apply the same logic to recreational marijuana, instead advocating for its outright rejection.
- **Contradiction:** The governor's call for balanced regulation of hemp products contrasts sharply with his opposition to regulating recreational marijuana, which could also be subject to similar safety and labeling standards.

## Public Health and Safety Concerns
- DeSantis argues that the lack of regulation in the hemp industry could lead to products containing dangerously high levels of THC or other harmful substances, posing risks to young people. Yet, he allows the hemp industry to operate without these regulations while opposing recreational marijuana on public health grounds.
- **Contradiction:** By permitting the hemp industry to continue selling unregulated products, DeSantis is exposing the public, including minors, to potential health risks, which he claims to be concerned about in the context of recreational marijuana.

## Financial Influence and Lobbying
- The Florida Healthy Alternatives Association, a hemp trade group, has paid significant amounts to lobbyists, including those closely tied to the Republican Party of Florida. This financial backing is linked to DeSantis's opposition campaign against the recreational marijuana amendment.
- **Contradiction:** The financial influence of the hemp industry on DeSantis's decisions highlights a double standard where he is willing to accommodate the interests of one industry (hemp) while actively opposing another (recreational marijuana) based on similar concerns.

## Public Statements and Rationale
- DeSantis has expressed concerns about the smell of marijuana and its potential prevalence in public spaces if recreational marijuana is legalized. However, he does not apply the same concern to the widespread availability of hemp products, which also contain psychoactive cannabinoids.
- **Contradiction:** The governor's public statements against recreational marijuana due to concerns about public order and quality of life do not align with his actions in protecting the hemp industry, which also sells products with similar effects.

In summary, Governor DeSantis's actions and statements reveal a clear double standard:
- He supports and protects the hemp industry from regulation, allowing it to operate with minimal oversight despite potential public health risks.
- He opposes recreational marijuana legalization, citing concerns about public health, safety, and quality of life, despite the possibility of implementing similar regulatory measures to mitigate these risks.

This inconsistency suggests that DeSantis's opposition to recreational marijuana is influenced by the financial and lobbying power of the hemp industry, rather than a consistent commitment to public health and safety.
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weedisgreen weedisgreen 3 days ago
To expose the connections and motivations behind Governor Ron DeSantis's actions regarding the hemp and marijuana industries in Florida, here are the key details and facts:

## Veto of the Hemp Regulation Bill (SB 1698)
- Governor DeSantis vetoed Senate Bill 1698, which aimed to restrict the sale of hemp-derived products containing delta-8 and delta-9 THC. This veto was crucial for the hemp industry, as the bill would have imposed stringent regulations that could have severely impacted their operations.

## Financial Support from Hemp Industry
- Following the veto, hemp executives pledged $5 million to the Republican Party of Florida to support DeSantis's campaign against the recreational marijuana legalization initiative (Amendment 3). This financial commitment was discussed in a WhatsApp group named "Save Florida Hemp," which includes over a thousand members from the hemp industry.

## Industry Influence and Lobbying
- Key lobbyists from the hemp industry, such as Evan Power and Bill Helmich, who are also leaders of the Republican Party of Florida, played a significant role in advocating for the veto of SB 1698. Power is the chairman of the Republican Party of Florida, and Helmich is the party's interim executive director. Their involvement underscores the deep ties between the hemp industry and the Republican Party.

## DeSantis's Acknowledgment of Industry Support
- DeSantis seemed to tacitly acknowledge that part of his reason for vetoing the hemp ban bill was to gain the support of the hemp industry in his opposition to the marijuana legalization ballot initiative. He mentioned that the marijuana industry's support for the hemp bill factored into his decision, indicating a strategic alignment with the hemp industry.

## Regulatory Favoritism
- By vetoing SB 1698, DeSantis preserved the hemp industry's ability to sell products containing delta-8 and delta-9 THC, which are marketed for their euphoric effects similar to marijuana. This move was seen as a victory for the hemp industry, which had warned that the bill would effectively shutter their businesses and cost the state thousands of jobs and millions in revenue.

## Public Statements and Rationale
- DeSantis justified his veto by stating that the bill would impose "debilitating regulatory burdens on small businesses" and fail to achieve its safety objectives. He suggested that the Legislature reconsider the measure in the next session and work with stakeholders to create a more balanced regulatory framework for hemp and hemp-derived products.

## Opposition to Recreational Marijuana
- DeSantis has been vocal in his opposition to Amendment 3, which seeks to legalize recreational marijuana in Florida. The hemp industry's financial support is aimed at helping DeSantis's campaign against this amendment, reflecting their vested interest in safeguarding their market against potential disruptions from legalized recreational marijuana.

## Names and Roles
- **Ernie Ciaccio**: A hemp industry representative who emphasized the importance of their financial backing to support DeSantis's stance against the recreational marijuana amendment, framing it as a demonstration of solidarity rather than a quid pro quo.
- **Evan Power**: Chairman of the Republican Party of Florida and a key lobbyist for the hemp industry. His role highlights the close relationship between the hemp industry and the Republican Party.
- **Bill Helmich**: Interim executive director of the Republican Party of Florida and another key lobbyist for the hemp industry. His involvement further illustrates the industry's influence within the party.
- **Jonathan Solomon**: Founder of a company involved in the hemp industry, who spoke against SB 1698 and advocated for regulating hemp products similarly to medical marijuana products.

In summary, the evidence suggests that Governor DeSantis's veto of SB 1698 and his subsequent actions were significantly influenced by the hemp industry's interests. The financial support pledged by the hemp industry to the Republican Party of Florida, the involvement of key lobbyists, and DeSantis's public statements all indicate a strategic alliance aimed at opposing the recreational marijuana legalization initiative while protecting the hemp industry's interests.
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weedisgreen weedisgreen 3 days ago
I have a gut feeling something sooner than later is going to happen with safe banking. Lots of chatting about how it's not going anywhere and frustration levels are high. Just a feeling...nothing more.

https://www.marijuanamoment.net/key-senator-tours-marijuana-business-and-promotes-banking-bill-amid-growing-industry-frustration-over-inaction/
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weedisgreen weedisgreen 4 days ago
Sweet... filled today on a dip! We go up now. Haha. Hopes it does anyway
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Suprfreek Suprfreek 5 days ago
I hope itโ€™s not material but I guarantee you itโ€™s 87% as potent as anything Trulieve sells. Donโ€™t take my word for it. Go see for yourself.
We can only speculate on why she sold shares.
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weedisgreen weedisgreen 6 days ago
Btw, hopefully weak hands as i have a nice buy order in around the 1st level of support!
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weedisgreen weedisgreen 6 days ago
I agree with them and view it as not material to the big picture. Id be more interested why Kim sold shares.
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Suprfreek Suprfreek 6 days ago
Thanks for your reply. Not short at all. Been a shareholder since they went public. Letโ€™s leave medical market out of this for now. The people who will buy in the rec market, if approved in Fl, can literally walk into a store and buy high Thc weed today. Thatโ€™s a fact and the source might be better than what theyโ€™re buying now from their guy. This is a concern to me as a shareholder and it better be a concern to Trulieve.
I called Trulieve Investor Relations this morning and the person that answered told me theyโ€™re not concerned because Thc-a products are very low potency. I tried to advise him otherwise but he wasnโ€™t interested. I hope someone is.
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weedisgreen weedisgreen 6 days ago
That's extremely naive in my opinion and I've been aware of it for a very long time. The farm bill gets redone every few years and I believe this is the year it's getting tweaked to close the loopholes you seem to be concerned about. This will wipe out that industry giving out toxic/unregulated crap to people. This is hardly a concern for the medical industry. As for recreation, it's all about to change, but again, not the way you seem to be concerned about. If you are short on tbe cannabis industry, I think you are on the wrong side as vote yes on 3 is looking promising and rescheduling will most likely go through as well being the dea accepted the two dtep process about medical value to cannabis
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Suprfreek Suprfreek 6 days ago
Either you guys donโ€™t understand or youโ€™re all stunned. The farmbill loophole and THC-a have the potential to wipe out licensed weed retailers. No license required to sell and anyone over 21 can buy. This literally wipes out any moat that medical or recreational weed companies have. Online and brick n mortar sales will soon take off. Hello, is anyone listening?
Products are sold with a percentage of THC-a, which taken at 87%, gives you the THC percentage when you light it up. Itโ€™s that simple. If youโ€™re skeptical, try it yourself.
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weedisgreen weedisgreen 6 days ago
Just so we all know, Kim sold some shares at 11.32.
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Suprfreek Suprfreek 7 days ago
Imagine if word got out that you can buy legal weed in states where itโ€™s illegal like Florida. Sounds weird right? Thatโ€™s what I thought too until I tried it last night. Hollywood Florida. I went to one of the smoke shops in town and bought two pre rolls for $20 and I was buzzed on just a couple hits.
This has significant implications on the market that Trulieve seeks to dominate. This is simply taking advantage of a loophole in the 2018 farmbill. Iโ€™m surprised it took this long to get established but here it is. If you donโ€™t believe me, just google thc-a and the farmbill loophole.
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Suprfreek Suprfreek 7 days ago
I went to a local smoke shop and tried some thc-a. It was great and cheap and dozens of options
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HoldHigh HoldHigh 7 days ago
New dispensary coming in oh. https://www.zanesvilletimesrecorder.com/story/news/local/2024/09/17/cannabis-company-trulieve-gets-green-light-for-zanesville-dispensary/75210153007/
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weedisgreen weedisgreen 1 week ago
No complaints from me!
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HoldHigh HoldHigh 2 weeks ago
IMO we are about 4 or 5 months from $50.
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HoldHigh HoldHigh 2 weeks ago
Ohio, which launched its adult-use marijuana market in early August, saw $22.5 million worth of products sold during the first 11 days of legal sales. Early reports show the state on track to surpass $1 billion in combined medical and adult-use marijuana sales within the first year of the recreational market implementation.

TCNNF is in OH.
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HoldHigh HoldHigh 2 weeks ago
The next catalyst for a bump higher will be Nov election when the Amendment 3 passes in FL. Don't know if people have seen the ads the DeSantis government is putting up in FL, but they are very much misleading and frankly false. They are now calling it the monopoly amendment in their ads, which isn't even close to correct. They need to look it up to find out what a monopoly is. Of course once the amendment passes IMO the price will be much higher than where we are now. So get ready to pay a higher price for shares.
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Bazwar6 Bazwar6 2 weeks ago
https://www.marijuanamoment.net/harris-campaign-omits-marijuana-from-new-issues-page-as-trump-earns-praise-for-backing-legalization/
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HoldHigh HoldHigh 2 weeks ago
โ€œAmendment 3 will garner more votes from registered voters on Nov. 5 than any candidate, and thatโ€™s the bottom line.โ€

By Mitch Perry, Florida Phoenix

Members of the Florida Democratic Senate caucus came out formally in support of Amendment 3 on Mondayโ€”the constitutional amendment that would legalize recreational use of cannabis in Florida thatโ€™s on the Nov. 5 ballot.
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HoldHigh HoldHigh 2 weeks ago
Florida Marijuana Legalization Ballot Initiative Has Enough Support To Pass, New Poll Finds As Trump Backs ReformPublished on September 9, 2024 By Kyle Jaeger
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Canna_Business Canna_Business 2 weeks ago

How Companies Are Selling THCa Online Without a License:

The 2018 Farm Bill has created a legal loophole for selling THCa online. THCa, which is non-psychoactive until heated, can be sold legally if it tests under 0.3% Delta-9 THC on a dry weight basis. This allows companies to bypass traditional cannabis licensing and state regulations.

Key Points:

2018 Farm Bill: Permits cannabis products with under 0.3% Delta-9 THC.

THCa Products: Non-psychoactive until heated but converts to Delta-9 THC when smoked or vaped.

No License Needed: THCa meets legal THC limits, avoiding the need for a cannabis license.

Consumer Impact: Consumers can buy THCa products online, evading stricter state cannabis laws.

Summary: The 2018 Farm Bill has inadvertently allowed THCa products to be sold legally online by staying within THC limits, despite their psychoactive potential when heated.

For example,
https://www.prestonherbco.com/products/100-ozs
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HoldHigh HoldHigh 2 weeks ago
So youโ€™re saying some news made it pop. Hmmm.
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weedisgreen weedisgreen 2 weeks ago
My post 7hrs ago is why the big jump on price today. It's was on topic about how the trump announcement of pushing safe banking, schedule 3, as well as vote yes on 3 in florida. So the safe banking was awesome to hear. Sadly I hope those here go to see this!
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HoldHigh HoldHigh 2 weeks ago
Beer use down
https://www.marijuanamoment.net/marijuana-legalization-is-a-significant-threat-to-alcohol-industry-because-people-substitute-cannabis-for-beer-and-wine-analysis-finds/
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HoldHigh HoldHigh 3 weeks ago
As of August 30, the Smart & Safe Florida committee had raised a total of $90.22 million and spent $62.4 million. The majority of this funding, $82.89 million, has come directly from Trulieve since 2022.
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HoldHigh HoldHigh 3 weeks ago
FL OMMU sales data reflects TCNNF sold a fair amount more this week than last week.
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HoldHigh HoldHigh 3 weeks ago
Looks to me with all the new dispensaries in FL, Trulieve is looking to build out their locations based on the prospect of Amendment 3 passing in a couple of months. 152 dispensaries just in FL.
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HoldHigh HoldHigh 3 weeks ago
On their website they are showing 4 stores coming soon in FL.

https://www.trulieve.com/dispensaries/florida

https://investors.trulieve.com/2024-09-06-Trulieve-to-Open-Medical-Cannabis-Dispensary-in-Clearwater,-Florida
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weedisgreen weedisgreen 3 weeks ago
Didn't validate it myself but I just read we are opening 3 more stores in Florida tomorrow (today). Very nice.
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HoldHigh HoldHigh 3 weeks ago
From an article.
Ohio dispensaries like Locals Cannabis and Trulieve report surging sales, driven by non-medical customers embracing recreational marijuana.
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HoldHigh HoldHigh 3 weeks ago
The legislature here will define where and how. There are already laws in FL that address medical and I would think they could just say DITTO to rec. not really a big deal like antiโ€™s are trying to promote.
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weedisgreen weedisgreen 3 weeks ago
Hopefully that didn't come off thinking I was saying that he plans to change vote yes on 3. As that would be pretty naive to say. If you watched his interview on cannabis, I got the impression his opinion would be that if recreationally legal, he would prefer responsibility and respect about public consumption. I'm in NYC often and kinda agree as I smell it everywhere, I like the fact it's legal for them, but would prefer they didn't have it blowing around my kids. Even alcohol has some restrictions which most people respect. I believe this is the type of "guidance" he was talking too for states that do legalize it. Thoughts?
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HoldHigh HoldHigh 3 weeks ago
You canโ€™t really put stipulations on the amendment unless you are the FL legislature. Itโ€™s either a state issue or itโ€™s not.
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weedisgreen weedisgreen 3 weeks ago
Also, this.most likely puts to bed the debate about schedule 3, as he said it has medical value. So this means he would put pressure on his ag if it's not already done when he gets in as well
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weedisgreen weedisgreen 3 weeks ago
Exactly. I kept saying such for quite a while. He said many many times he was for medical cannabis since 2017ish. I was not sure how he would vote for yes on 3/florida recreational, but gambled that he would vote yes being it's a state issue. Im.sure he will have stipulations as NYC does stink everywhere, and I believe Kim Rivers also mentioned in the past about being respectful when using it
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HoldHigh HoldHigh 3 weeks ago
Pretty unusual to have both major presidential candidates approving MJ use. So there should be no question this issue will advance toward legalization.

TALLAHASSEE, Fla., Sept. 4, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States, today announced the relocation of a dispensary in Tucson, Arizona.

The new Menlo Park location at 1010 S Freeway #130 will host a grand opening celebration starting at 8 a.m. Friday, September 13, with partner giveaways, DJs, special discounts and more.
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weedisgreen weedisgreen 3 weeks ago
With florida yes on 3 and rescheduling it might spike that high or even higher, but I'm not sure if it will hold until we uplist
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weedisgreen weedisgreen 3 weeks ago
And we got it! " Former President Donald Trump met with Trulieve CEO Kim Rivers ahead of announcing his support for the cannabis legalization initiative on Florida's November ballot, several sources confirmed to Marijuana Moment."
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HoldHigh HoldHigh 3 weeks ago
IMO, TCNNF will hit $50 in Jan 2025.
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HoldHigh HoldHigh 3 weeks ago
There is hope. https://www.marijuanamoment.net/deas-marijuana-hearing-is-a-good-opportunity-for-advocates-to-make-the-case-for-rescheduling-op-ed/
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HoldHigh HoldHigh 3 weeks ago
More money
https://health.wusf.usf.edu/health-news-florida/2024-09-01/cannabis-companies-stoke-amendment-3-supporters-with-another-11-million
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HoldHigh HoldHigh 3 weeks ago
Another article re: trump and MJ.

https://www.benzinga.com/markets/cannabis/24/08/40666944/donald-trump-supports-cannabis-legalization-in-florida-game-changer-and-huge-blow-to-ron-desanti
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HoldHigh HoldHigh 3 weeks ago
Let's see next week if his endorsement results in an increase in share price.
It's almost too late to get on board at these low prices. The nov date is coming up quickly. We could see something like the prior year, a run up to $50, with or without rescheduling being done.
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moneynugs moneynugs 3 weeks ago
Not looking forward what may be capital stampede part zwei...

Although this time carrot top is not current president so I dont think it would play out nearly the same...

Well see and see how Nov plaus put for Trulieve. Cautiously optimistic.
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HoldHigh HoldHigh 4 weeks ago
Adding to the dispensaries in FL.

https://finance.yahoo.com/news/trulieve-open-florida-medical-cannabis-120000733.html
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HoldHigh HoldHigh 4 weeks ago
Positive poll on FL Amendment 3.
https://www.benzinga.com/markets/cannabis/24/08/40642418/florida-cannabis-legalization-gains-momentum-64-of-likely-voters-support-amendment
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