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Trulieve

All articles tagged with #trulieve

business2 years ago•15 min saved

Trulieve's Q2 2023 Results Showcase Strong Progress on 2023 Plan

Trulieve Cannabis Corp., a leading cannabis company in the U.S., reported its second-quarter 2023 results, highlighting progress on its 2023 plan. The company achieved revenue of $282 million, with 96% of revenue coming from retail sales. It sold 11.6 million units of branded products through branded retail, up 9% sequentially. Trulieve's retail network expanded to 183 dispensaries, a year-over-year increase of 11%. The company also reported a GAAP gross margin of 50% and adjusted EBITDA of $79 million. Trulieve is focused on cash generation and preservation, exiting California retail assets and winding down operations in Massachusetts. It aims to exit the year as a leaner and stronger organization.

via Investors | Trulieve|

#business #cannabis #expansion

politics2 years ago•2 min saved

Florida Takes Step Closer to Legalizing Recreational Marijuana.

The proposed ballot measure to legalize recreational marijuana in Florida has gathered enough signatures to put it on the ballot in 2024. The constitutional amendment, proposed by Smart & Safe Florida, gathered 967,528 valid signatures, more than 70,000 above the requirement to reach the ballot. However, it still faces a Florida Supreme Court review and an expected legal challenge from state Attorney General Ashley Moody. If it makes it on the ballot, the marijuana legalization proposal could boost voter turnout and possibly influence the 2024 races in Florida. Trulieve, the medical marijuana giant, has spent $38.4 million to get the new measure on the ballot.

via POLITICO|

#ashley-moody #constitutional-amendment #florida

politics2 years ago•3 min saved

Florida Nears Recreational Marijuana Legalization Vote.

Florida's attorney general has filed papers with the state Supreme Court opposing the legalization of marijuana for recreational use, which could be decided by voters as soon as next year. Florida is one of 15 states that allow medical marijuana but not recreational marijuana. The state's largest medical marijuana company, Trulieve, is bankrolling the effort by Smart & Safe Florida, which has nearly 800,000 of the nearly 892,000 valid signatures to have the recreational marijuana measure placed on the ballot. Many predict it will pass just as medical marijuana passed in 2016.

via WESH 2 Orlando|

#florida #legalization #marijuana