Wall Street Opens Its Doors to Cannabis: Last Week in Weed June 1-June 8, 2026
Welcome to the latest edition of “Last Week In Weed,” catching you up on the latest breaking news and industry developments in the world of cannabis.
Here’s what you may have missed over the last week:
Alabama Finally Opens Its Medical Market
After years of lawsuits, licensing disputes, and regulatory delays, Alabama’s medical cannabis program is officially underway. The state’s first dispensary opened its doors this month, marking a major milestone nearly five years after lawmakers approved the program in 2021.
Industry observers will be watching closely as additional dispensaries come online and one of the nation’s most delayed medical markets finally begins serving patients.
WNBA Removes Marijuana From Prohibited Substances List
The WNBA’s new collective bargaining agreement removes marijuana from the league’s prohibited substances list while establishing new rules governing player endorsements of hemp-derived products.
The agreement also adds several psychedelics, including psilocybin, DMT, and ibogaine, to the banned substances list. The move brings the league’s cannabis policy closer to broader trends across professional sports, where penalties related to marijuana use have steadily declined.
Trulieve Becomes First U.S. Cannabis Company Approved for NYSE Listing
Trulieve announced that its shares have been approved for listing on the New York Stock Exchange, a historic milestone that positions the company as the first U.S. cannabis operator to reach a major U.S. exchange. Trading is expected to begin June 10 under the ticker symbol TRLV.
The listing follows the federal rescheduling of state-licensed medical marijuana products earlier this year and a corporate restructuring that separated Trulieve’s medical operations from its mixed-use businesses. Industry observers view the move as one of the most significant capital markets developments in recent cannabis history, potentially opening the door for greater institutional participation and broader investor access across the sector.
Idaho Lawmakers Advance Measure Limiting Voter-Led Legalization
Idaho lawmakers approved ballot language for a proposed constitutional amendment that would reserve the authority to legalize marijuana and other psychoactive substances exclusively for the state legislature.
If approved by voters, the measure would prevent future citizen-led ballot initiatives from legalizing either medical or adult-use cannabis, raising the stakes in one of the country’s most prohibition-oriented states.
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THC Beverage Boom Faces New Regulatory Questions
The rapidly growing hemp-derived beverage category may soon encounter new federal hurdles. Proposed regulatory changes could alter how intoxicating hemp-derived drinks are classified and sold, creating uncertainty for one of the fastest-growing segments of the industry. As beverage companies continue attracting mainstream consumers and retail partners, federal policymakers are increasingly scrutinizing the category’s regulatory framework and long-term future.