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Trulieve Celebrates a New Era in Cannabis Reform

On December 18, 2025, Trulieve Cannabis Corp. (CSE: TRUL, OTCQX: TCNNF) celebrated a historic development as the Trump Administration made the pivotal decision to reschedule marijuana from Schedule I to Schedule III under the Controlled Substances Act. This landmark change potentially opens the door for comprehensive cannabis law reform and acknowledges the significant medical benefits of marijuana.

A Bold Step Forward

Kim Rivers, CEO of Trulieve, expressed her approval, emphasizing the overdue nature of this policy shift and its potential to support both medical research and responsible cannabis use. "This decision is a critical milestone for the cannabis industry, providing a much-needed framework to support licensed and regulated operators while aiding in law enforcement's efforts to target illicit activities," said Rivers.

The reclassification is seen as a pivotal first step toward comprehensive reform, designed to ease the restrictions on marijuana-related research while freeing state-legal operators from the burdensome Section 280E tax code, which previously hampered the growth and operations of cannabis businesses.

The Implications of Schedule III Classification

Better Research Opportunities

One of the most significant impacts of rescheduling marijuana is that it now allows for increased research into its medical applications. Prior to this change, research was predominantly conducted abroad due to stringent regulations within the U.S., hindering progress in understanding how marijuana can benefit various patient populations. With the new classification, American researchers are expected to take the lead, investigating the medical properties, appropriate dosages, and administration methods of cannabis, thus fostering advancements in treatment options for patients, particularly veterans and seniors.

Tax Relief for Licensed Operators

Another pressing concern for cannabis businesses has been the oppressive Section 280E of the tax code, which disallowed tax deductions for costs incurred by businesses involved with Schedule I and Schedule II substances. As marijuana transitions to Schedule III, licensed operators can now deduct ordinary business expenses, level the playing field for cannabis companies, and potentially lower the prices of their products for consumers.

A Continued Commitment to Law Enforcement

Despite the changes in classification, it is important to highlight that this does not legalize marijuana. Law enforcement agencies will maintain their authority to prosecute illegal operations, ensuring that the shift in policy aids rather than undermines efforts to protect communities from illegal drug trafficking. The Trump Administration reiterates its commitment to distinguishing between regulated cannabis operations and dangerous activities conducted by foreign cartels.

Trulieve: Leading the Way in Cannabis Reform

As one of the foremost cannabis companies in the United States, Trulieve is well-positioned to leverage these changes. The company has established its presence significantly in states like Arizona, Florida, and Pennsylvania, while planning for future expansions. With a diverse portfolio of innovative, high-quality products aimed at improving customer experiences, Trulieve remains dedicated to making cannabis accessible to all patients and consumers.

Trulieve's commitment to supporting cannabis reform underlines its mission to advocate for the responsible use of cannabis while providing high-quality products that enhance lives. With this reclassification, it is poised for accelerated growth and further market expansion through its robust distribution and retail strategies.

For more information about Trulieve and its commitment to advancing the cannabis industry, visit Trulieve.com.

Conclusion

The decision by the Trump Administration to reschedule marijuana to Schedule III marks a transformative moment not just for Trulieve, but for the entire cannabis industry. This change is expected to drive more informed research, alleviate financial burdens on operators, and facilitate a safer environment for consumers. As the landscape of cannabis continues to evolve, Trulieve remains at the forefront, advocating for the responsible reform necessary to unlock the full potential of cannabis.