Trulite Inc. (TRUL)
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Trulieve is setting the pace in a U.S. cannabis market on the verge of major change
Since launching in Florida's medical cannabis market in 2015, Trulieve Cannabis (CSE:TRUL) has grown its operations to encompass a total of nine states across the U.S., expanding its team from 10 members to more than 6,000 and surpassing US$1 billion in revenue. The company now operates the world's largest retail network of cannabis dispensaries, not to mention more than 4 million square feet of domestic cultivation facilities, with 3 million square feet of that in Florida.
Trulieve CEO Kim Rivers welcomes Biden administration's move to reschedule cannabis
The Biden administration's official move to reschedule cannabis has been welcomed by Kim Rivers, the CEO of Florida-focused cannabis multi-state operator Trulieve Cannabis Corp. (CSE:TRUL). US President Joe Biden on Thursday confirmed that the Justice Department would be advancing the proposal to reclassify marijuana as a lower-risk Schedule III drug, instead of Schedule I, where it currently sits alongside heroin and fentanyl.
