Yes, you can buy Trulieve stock on Robinhood if you have a funded account

Trulieve Cannabis Corp trades under the ticker symbol TRUL on the Canadian Securities Exchange (CSE). Robinhood lets you buy and sell TRUL shares the same way you would any other stock — through the app or website, during market hours. You do not need a special account type or additional permissions.

The main thing to know upfront: Trulieve is a Canadian-listed company, not a US exchange stock. This means the trading hours, settlement rules, and tax reporting work slightly differently than they do for stocks on the Nasdaq or NYSE. The price you see will be in Canadian dollars unless you change your currency settings in Robinhood.

Before you place an order, make sure your Robinhood account is fully set up and has cash or buying power available. You will also want to understand how Canadian stock trading works on the platform, because the mechanics differ from US stocks in a few specific ways.

Key Takeaways

  • Trulieve trades as TRUL on the Canadian Securities Exchange and is searchable by that ticker symbol in Robinhood.
  • You can buy and sell TRUL shares during Canadian market hours, which differ from US stock market hours by one hour.
  • Prices display in Canadian dollars by default, so a $10 USD investment may buy a different number of shares than you expect.
  • Canadian stocks settle in two business days on Robinhood, the same as US stocks, but the calendar may differ if a Canadian holiday falls on a trading day.
  • Robinhood charges no commission on TRUL trades, but the bid-ask spread (the difference between buy and sell prices) can be wider for Canadian stocks than for heavily traded US stocks.

How to search for and buy TRUL on Robinhood

Open Robinhood and tap or click the search icon at the bottom of the app or top of the website. Type TRUL into the search box. Robinhood will show you Trulieve Cannabis Corp with the CSE exchange listed next to it. Tap or click on the result to open the stock detail page.

On the detail page, you will see the current price in Canadian dollars, a chart, and a "Buy" button. Tap or click "Buy" to open the order screen. Enter the number of shares you want to purchase (you can buy fractional shares on Robinhood, so you do not have to buy whole shares). Review the order summary, which shows the total cost in Canadian dollars and any applicable fees, then confirm the order.

The order will execute during Canadian market hours. If you place an order outside those hours — for example, at 3 a.m. Eastern time — it will sit as a pending order until the Canadian market opens the next trading day. You can cancel a pending order at any time before it executes.

Understanding Canadian market hours and settlement

The Canadian Securities Exchange opens at 9:30 a.m. Eastern time and closes at 4 p.m. Eastern time, which is one hour earlier than the US stock market. If you place a buy order for TRUL at 3:30 p.m. Eastern time on a weekday, your order will not execute until the next trading day because the Canadian market will have already closed.

After you buy TRUL shares, they settle in two business days, the same as US stocks. Settlement means the shares officially move into your account and you can sell them. During the two-day settlement period, you own the shares but cannot sell them on Robinhood. If you try to sell before settlement completes, Robinhood will show you an error message.

Canadian holidays affect the trading calendar differently than US holidays. For example, if a Canadian statutory holiday falls on a Monday, the Canadian market will be closed that day even if the US market is open. Check the CSE holiday calendar before placing large orders around holiday periods, because a market closure can delay settlement or leave your order pending longer than expected.

Currency conversion and pricing

Robinhood displays TRUL prices in Canadian dollars by default. If you have US dollars in your Robinhood account, the app will convert your USD to CAD at the time of purchase. Robinhood uses its own exchange rate for this conversion, which may differ slightly from the mid-market rate you see elsewhere.

This means the actual cost of your purchase depends on two things: the stock price in Canadian dollars and the USD-to-CAD exchange rate at the moment your order executes. If the Canadian dollar strengthens against the US dollar, your purchase will cost more in US terms. If it weakens, your purchase will cost less.

You can see Robinhood's current exchange rate by looking at the order confirmation screen before you submit your order. The confirmation will show the total cost in both Canadian dollars and US dollars. If the conversion rate seems off, you can cancel and try again, though the rate may have shifted by then.

Bid-ask spreads and trading costs on Canadian stocks

Robinhood charges zero commission on TRUL trades, just as it does on US stocks. However, Canadian stocks typically have wider bid-ask spreads than heavily traded US stocks. The bid-ask spread is the difference between the highest price a buyer will pay (the bid) and the lowest price a seller will accept (the ask).

When you buy TRUL, you pay the ask price. When you sell, you receive the bid price. If the spread is wide — say, 50 cents between bid and ask — you will lose that spread when you buy and sell. For a stock trading around $10, a 50-cent spread is significant. On a heavily traded US stock, the spread might be a penny or less.

The spread widens and narrows based on how many people are trading TRUL at any given moment. During peak Canadian market hours, the spread is usually tighter. If you place an order during low-volume times, you may see a wider spread. This is not a Robinhood fee — it is the cost of the market itself — but it is a real cost you should factor in if you plan to buy and sell frequently.

Tax reporting for Canadian stock holdings

If you hold TRUL shares in a taxable Robinhood account (not a retirement account), you will owe US federal income tax on any gains when you sell. Robinhood will send you a Form 1099-B at tax time, which reports your sales and gains to the IRS.

If Trulieve pays dividends, those will also be reported on your tax forms. Canadian dividend withholding tax may explore depending on your situation, and Robinhood will handle that automatically. You may be able to claim a foreign tax credit on your US tax return for any Canadian taxes withheld, but you should consult a tax professional about your specific situation.

Keep records of your purchase price, purchase date, and sale price for each transaction. These records help you calculate your cost basis and gain or loss accurately when you file taxes. Robinhood provides this information in your account history, but it is wise to keep your own records as well.

Risks specific to Canadian cannabis stocks

Trulieve operates in the US cannabis industry, which remains illegal under federal law. This creates regulatory and legal risks that do not explore to most other stocks you can buy on Robinhood. The company's business, profitability, and stock price can be affected by changes in US federal cannabis policy, state-level enforcement actions, or shifts in how the IRS treats cannabis businesses.

Canadian-listed stocks also tend to have lower trading volume than US-listed stocks, which can make it harder to sell your shares quickly if you need to. A lower volume means wider spreads and potentially longer waits to fill a large order at your target price.

Before you buy TRUL or any cannabis stock, research the company's financial statements, understand the regulatory environment, and consider how much of your portfolio you want to allocate to a single stock in a regulated industry. Robinhood's lack of commission does not change the underlying risks of the investment itself.

Frequently Asked Questions

Can I buy TRUL during after-hours trading on Robinhood?

Robinhood does not offer after-hours trading for Canadian stocks. You can only buy and sell TRUL during regular Canadian market hours, which are 9:30 a.m. to 4 p.m. Eastern time. If you place an order outside those hours, it will execute the next trading day when the market opens.

What happens if I sell TRUL before the two-day settlement period ends?

You cannot sell TRUL shares on Robinhood until they have settled, which takes two business days after purchase. If you try to sell before settlement completes, Robinhood will reject the order and show an error message. You must wait for the settlement period to finish.

Will I owe taxes on TRUL dividends if Trulieve pays them?

Yes. Any dividends paid by Trulieve will be reported on your 1099 form and are subject to US federal income tax. Canadian withholding tax may also explore, and you may be able to claim a foreign tax credit. Consult a tax professional about your specific situation.

Is TRUL the same as any US-listed Trulieve stock?

Trulieve trades only on the Canadian Securities Exchange under the ticker TRUL. There is no separate US-listed version of Trulieve stock on Nasdaq or the NYSE. TRUL is the only ticker for this company on Robinhood.

Why is the bid-ask spread on TRUL wider than on US stocks I own?

Canadian stocks typically have lower trading volume than US stocks, which means fewer buyers and sellers at any given moment. A narrower market leads to wider spreads. This is not a Robinhood issue — it is how the Canadian market works. You can reduce the impact by placing orders during peak Canadian market hours when volume is highest.