Trulieve becomes first major US cannabis operator to list on NYSE

Trulieve Cannabis Corp. has made history as the first major US cannabis operator to list on the NYSE under the ticker TRLV, signaling a new era for the industry.

In a groundbreaking move, Trulieve Cannabis Corp. has become the first major US cannabis operator to list on the New York Stock Exchange (NYSE). Trading under the ticker TRLV , this Florida-based cannabis company has made a significant leap into the U.S. financial landscape, reshaping the sector's relationship with Wall Street. What Changes Led to Trulieve's NYSE Listing? Trulieve started trading on the NYSE on June 10, 2026, after navigating through a complex corporate restructuring. The stock opened between $10 and $12 per share , giving the company a market capitalization of roughly $2 billion . This move is particularly significant considering that cannabis companies have historically faced barriers in trading on major U.S. exchanges due to marijuana's classification as a Schedule I substance under federal law. Until the recent changes, even profitable, multi-state cannabis operators found themselves relegated to over-the-counter markets or Canadian exchanges. However, a pivotal moment arrived with the Trump administration's decision to reclassify medical marijuana to Schedule III. This change has theoretically opened the doors for DEA-registered medical marijuana operations to trade on major U.S. exchanges. How Did Trulieve Navigate Regulatory Challenges? Trulieve's way forward involved a corporate spin-off; they separated their adult-use cannabis operations into a new entity known as Harvest Enterprises . This maneuver allowed Trulieve to adhere to the new regulatory framework while minimizing exposure to the recreational cannabis market, which still carries significant regulatory scrutiny. The company brought in external investors to acquire a 10% stake in Harvest, further establishing a clean division between the medical and recreational sectors. As a result, Trulieve’s medical-only operations gained eligibility for institutional investment, which had been previously restricted. What Does Trulieve's NYSE Listing Mean for Investors? Trulieve's listing is more