They can exercise that trigger option anytime they want to, just like they can walk away from the deal anytime they want to. That's what the $300 million paid for.
Actually that's incorrect. The key words are "federally permissible" not "legal" If the feds say states have the right then it just became "federally permissible" The NYSE will at that point allow weed companies in the US to trade on the exchange without fear of removal. The current administration is pro states rights. I've been saying this for months and that's how it will play out.