Trulieve Cannabis Corp (TCNNF)

[HoldHigh]

“In our view, the NDAA represented the most likely path for SAFE Banking + to being enacted. Its absence now leaves year-end funding or a standalone bill as its only avenues for passage,” said Benjamin Salisbury, research director at Height Capital Markets, in a note. He gives the cannabis banking bill just a 35% or 40% chance of becoming reality in 2022.

On the other hand, Cowen analyst Jaret Seiberg said he always had viewed a year-end omnibus funding bill as the most likely vehicle. “To us, the SAFE Act is moving along the path that we expected. There is still risk that it won’t pass. But nothing that has occurred so far is enough for us to reduce our 75% expectation that the SAFE Act becomes law this year,” Seiberg said in a note.

So IMO who really knows until 31 Dec. What I do know is legislation will move this stock dramatically one way or the other depending on the outcome.