Trulieve Cannabis, a major player in the US weed industry, is prepared for the potential impact of Hurricane Helene on its Florida operations. CEO Kim Rivers assures investors that facilities are storm-ready and the company is prepared for any disruptions, including power outages.
A heated exchange on social media has erupted between a senior staffer for Florida Governor Ron DeSantis and the CEO of Trulieve Cannabis Corp, the state’s largest medical marijuana company, over the proposed cannabis legalization initiative, Amendment 3. The dispute centers around the amendment’s lack of provisions for home cultivation of cannabis, a feature DeSantis’ staffer criticizes as indicative of corporate greed, while the cannabis CEO argues it was excluded due to legal limitations.
Cannabis stocks have emerged as a contentious but lucrative investment option. Buoyed by growing public support for legalization, favorable regulatory developments, and speculation surrounding upcoming presidential elections, these stocks are poised for further gains. Investors seeking exposure to this industry can consider companies like Innovative Industrial Properties (IIPR), Trulieve Cannabis (TCNNF), and Aurora Cannabis (ACB).
