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LONG Trulieve (TRUL) thesis: * DOJ just rescheduled medical marijuana from Schedule I to Schedule III yesterday * This removes the 280E provision that prohibits businesses from deducting business expenses, making the effective tax rate 25% (down from 60%+ for Schedule I companies) * FCF should go up 2-3x * Recreational marijuana has not been rescheduled yet but there is a hearing on June 29th to do so, the administration purposefully did a 2 track process to avoid challenges * …
— ORIGINAL POST ·
TRUL analysis and position
· r/investing
· Apr 27, 2026