Trulieve

And that makes productivity per store extremely important.

Right now, as we know, Trulieve remains the dominant operator, accounting for roughly 26% of statewide THC volume and continues to dispense more THC than the next two operators combined.

But when you look at output per location, companies like Sunburn and Green Thumb Industries are putting up some very impressive numbers.

So here's an example.

But here's what I mean by this.

That divide could dramatically influence which companies become buyers and which ones become acquisition targets.

Trulieve has already positioned itself aggressively through its medical-focused structure.

Then you have Vireo Growth, who continues buying assets, as we know, at a very rapid pace.

Let me give you a few examples.

Trulieve, uh, carving off Harvest to lean into medical, stressing Georgia and Texas that allowed them to uplist onto the New York Stock Exchange, the first one.

Um, they clearly were in the room with the administration when they were drafting the new Schedule Three.

They clearly were in the room when they were drafting, uh, what Hemp 2.0 will look like, in my judgment.

And, and, and, and we should kick around again because, yeah, to ignore the UT- UTP thing is insane.

You've got $2 billion of UTPs across the top five companies.

Was it Trulieve 598 or 698? And Scott, I very much apologize for interrupting you, but I think, like, the UTP thing is absolutely has to be addressed because what's the resolution? Like, there's all this industry buzz about going back to 2023, and if that happens, that's a completely different picture than if we don't even get adult use in 2026 or we're into '27 and we carry '23, '24, '25, and '26.

You know, no, you know, they, you actually have to pay that money back, and to what degree do you have to pay that money back? And so, like, I think that, yeah, you've gotta add that to the debt, first of all, and I think you've gotta assume the worst case.

Uh, CEO of the U.S. Cannabis Roundtable said in a statement provided to MJ Biz Daily, that was Sapira Galoob saying that.

Uh, USCR's members include marijuana multi-state operators, Cresco Labs, uh, Trulieve Cannabis Corp, and Curaleaf Holdings.

Uh, we are confident that Congress will ultimately get it right.

I'm hoping so.