Trulieve Cannabis Sees a 14.1% Surge Today

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Dec 16 2025

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Source: NASDAQ.COM

Trump's Marijuana Reclassification: President Trump announced that his administration is considering reclassifying marijuana to Schedule III, which could significantly impact the cannabis industry.
Trulieve's Stock Surge: Trulieve Cannabis Corp's shares rose by 14.1% following the news, as the company is one of the few in the cannabis sector that is profitable before taxes, particularly benefiting from its position in Florida's medical marijuana market.
Potential Tax Benefits: If marijuana is reclassified, Trulieve could drastically reduce its tax burden, enhancing its financial performance and attractiveness to investors.
Investment Caution: Despite the potential benefits, the stock may remain volatile until regulatory clarity is achieved, and Trulieve was not included in a recent list of top stock recommendations by the Motley Fool's analyst team.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.