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Trulieve Cannabis's Business Segments
Trulieve Cannabis's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
2
Largest Segment
Retail
Total Revenue
$ 271
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Retail0%
- Wholesale13.9%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Retail | $ 520 | - |
| Wholesale | $ 38 | 13.9% |
Revenue by Product & Service Category - FY
- Retail94.1%
- Wholesale5.9%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Retail | $ 255 | 94.1% |
| Wholesale | $ 16 | 5.9% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Annual Results
Revenue Share by Reportable Segment - FY
- Retail0%
- Wholesale13.9%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Retail | $ 520 | - |
| Wholesale | $ 38 | 13.9% |
Description of Trulieve Cannabis
Trulieve Cannabis Corp., headquartered in Tallahassee, Florida, is a vertically integrated cannabis company operating in nine states with 233 dispensaries and 15 cultivation and processing facilities as of December 31, 2025. It is the largest cannabis retailer in the United States, with significant retail operations in Arizona, Florida, Georgia, Pennsylvania, and West Virginia. The company serves both medical and adult-use customers in regulated markets, focusing on cultivation, manufacturing, and retail expertise. Trulieve's operations are organized into three regional hubs—Southeast, Northeast, and Southwest—anchored by Florida, Pennsylvania, and Arizona. The company maintains full vertical integration in Florida and Georgia and partial vertical integration in other states, controlling the supply chain to ensure product quality and brand consistency. Trulieve employs in-house quality teams and testing laboratories. Its cultivation facilities include a 750,000 square foot automated indoor facility in Florida, supporting scalable and cost-effective production. The company utilizes various extraction techniques to produce cannabis products for retail and wholesale distribution.