Well spotted by Lex Peleger and his wonderful newsletter
Woo hoo – now it’s even easier to lose money on pointless cannabis stock
Robinhood Is Opening the Door to U.S. Cannabis With Reform On the Horizon Trulieve, Curaleaf, and Green Thumb Industries showed up on the app this week as the federal government inches toward reclassifying recreational marijuana.May 30, 2026 | by Jeremy Berke
THE GISTRobinhood is slowly adding U.S. cannabis stocks to its trading platform as the federal government signals reform is on the horizon.Hawk-eyed social media users noticed that Trulieve (TCNNF), Curaleaf (CURLF), and Green Thumb Industries (GTBIF) — three of the largest U.S. cannabis firms by revenue, were added to the platform in read-only mode this week. A quick scroll of the app found this to be true, and that users could begin trading the names on Friday.Robinhood didn’t immediately respond to a request for comment.WHAT HAPPENEDU.S. retail investors have been locked out of investing directly in U.S. cannabis companies. That’s because non-medical cannabis remains a Schedule I drug at the federal level, so major domestic exchanges like the Nasdaq and NYSE won’t list companies that cultivate or sell the drug to adult consumers even though nearly half of U.S. states allow sales.The Trump Administration reclassified medical cannabis from the most restrictive Schedule I in April to the far less restrictive Schedule III. A DEA hearing is set for June 29 to debate whether to expand the reclassification to state-legal recreational cannabis.
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