Robinhood added Trulieve, Curaleaf and Green Thumb Industries to its platform in read-only mode, indicating a move toward full trading functionality. A DEA hearing on June 29 to reclassify recreational cannabis from Schedule I could lower capital costs and boost profitability for MSOS ETF constituents.
Robinhood has incorporated Trulieve, Curaleaf and Green Thumb Industries into its trading app in a read-only capacity, marking the first direct exposure to major U.S. cannabis firms. This step typically precedes full buy-sell functionality and could draw new retail flows into these stocks.
A DEA hearing is scheduled for June 29 to consider moving recreational cannabis from Schedule I to Schedule III, following the Trump Administration’s April reclassification of medical cannabis. Approval would ease federal restrictions and enable listings on major exchanges.
Reclassification would reduce MSOS ETF holdings’ cost of capital, eliminate IRS code 280E deductions ban, and pave the way for uplisting from OTC to Nasdaq or NYSE. These changes could significantly enhance liquidity and profit margins for the ETF’s underlying companies.
