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

Trulieve Cannabis Corp trades on the Canadian Securities Exchange under the ticker TRUL. Robinhood allows you to buy shares of TRUL just as you would any other stock listed on the platform. You do not need a special account type — a standard Robinhood brokerage account works.

The main difference from buying US-listed stocks is that TRUL trades in Canadian dollars, so Robinhood will convert your US dollars at the current exchange rate when you place the order. The conversion fee is built into the price you see on the app.

You must have cash in your Robinhood account before you can buy. If you have a margin account, you can also use buying power, but that means borrowing from Robinhood and paying interest on the borrowed amount.

Key Takeaways

  • Trulieve stock trades under the ticker TRUL on the Canadian Securities Exchange and is available to buy through Robinhood.
  • Your Robinhood account must have cash or available buying power before you can place an order.
  • Robinhood converts your US dollars to Canadian dollars at the time of purchase, and that conversion cost is included in the price shown.
  • Trading hours for Canadian-listed stocks differ from US markets, so orders placed outside those hours will execute when the exchange opens.
  • You can set up alerts or limit orders on Robinhood to buy TRUL at a specific price rather than buying at market price.

How to place a buy order for TRUL on Robinhood

Open the Robinhood app and search for TRUL in the search bar. Tap the stock name when it appears. On the stock detail page, tap the "Buy" button.

You will see two order types: market order and limit order. A market order buys shares at the current price immediately when the market is open. A limit order lets you set a maximum price you are willing to pay — the order only executes if the stock drops to that price or lower.

Enter the number of shares you want to buy. Robinhood will show you the total cost in US dollars, including the currency conversion. Review the amount and tap "Submit Order" to confirm.

Trading hours and when your order will execute

The Canadian Securities Exchange operates on Eastern Time. Regular trading hours are 9:30 a.m. to 4:00 p.m. ET, Monday through Friday. If you place an order outside these hours, it will sit in Robinhood's system and execute when the exchange opens.

If you place a market order after the market closes, it will execute at the opening price the next trading day. That price may be higher or lower than the price you saw when you placed the order. If you want more control over the price, use a limit order instead.

Canadian markets are closed on Canadian holidays, which do not always match US holidays. Check the Canadian Securities Exchange calendar if you are trading around a holiday.

Currency conversion and fees

Robinhood does not charge a separate commission to buy or sell TRUL. However, when you buy a Canadian-listed stock with US dollars, Robinhood converts your money at its exchange rate. That rate includes a markup — Robinhood's cost for providing the conversion service.

The exact markup varies and is not shown as a separate line item. It is built into the price displayed in the app. When you sell TRUL, Robinhood will convert the proceeds back to US dollars using the same method, so you will pay the markup again on the way out.

If you want to know the true cost of the conversion, compare Robinhood's exchange rate to the mid-market rate (the rate between banks) at the time you trade. Financial websites like XE.com show the mid-market rate in real time.

What happens if you own TRUL when Robinhood adds or removes it

Robinhood occasionally removes stocks from its platform. If TRUL is removed, you will still own your shares, but you will no longer be able to buy more or sell them through Robinhood. You would need to transfer your shares to another brokerage to sell them.

Robinhood has not removed TRUL as of now, but the platform does periodically review which stocks it offers. Check your account regularly to confirm TRUL is still available if you plan to add to your position.

Risks specific to Canadian-listed stocks

TRUL is a cannabis company operating in the United States. Cannabis remains illegal under federal US law, which creates regulatory risk — Congress could change the law in ways that harm the business, or enforcement could increase. This risk exists regardless of which brokerage you use to buy the stock.

Canadian-listed stocks are also subject to currency risk. If the Canadian dollar weakens against the US dollar, the value of your shares in US dollar terms will fall, even if the stock price in Canadian dollars stays the same. The reverse is also true — a stronger Canadian dollar can boost your returns.

Liquidity on Canadian exchanges is generally lower than on US exchanges. That means there may be fewer buyers and sellers at any given moment, which can make it harder to sell a large position quickly without moving the price.

Transferring TRUL shares out of Robinhood

If you want to move your TRUL shares to another brokerage, Robinhood allows outbound transfers. You will need to contact the receiving brokerage first — they will give you instructions and may charge a transfer fee (usually $25 to $75).

The transfer process typically takes 5 to 10 business days. During that time, you will not be able to sell your shares. Make sure you have a clear reason for transferring before you start the process, because the time and cost add up if you change your mind.

Frequently Asked Questions

Can I buy fractional shares of TRUL on Robinhood?

Robinhood does allow fractional share purchases on many stocks, but not all. Check the TRUL detail page in the app — if fractional shares are available, you will see an option to enter a dollar amount instead of a number of shares. If that option is not there, you must buy whole shares only.

What is the minimum amount I need to buy TRUL?

If fractional shares are available, you can buy TRUL for as little as $1. If only whole shares are available, the minimum is the current price of one share, which changes daily. Check the app to see the current price.

Do I pay taxes on TRUL dividends?

Trulieve does not currently pay dividends, so this is not an issue now. If that changes in the future, any dividends would be taxable income in the year you receive them. Robinhood will report dividend income to the IRS on your 1099 form.

Can I set up automatic purchases of TRUL on Robinhood?

Robinhood does not offer automatic recurring purchases (sometimes called dollar-cost averaging). You must place each buy order manually. However, you can set price alerts so Robinhood notifies you when TRUL hits a certain price, which can remind you to buy.

What happens to my TRUL shares if Robinhood goes out of business?

Your shares are held in your name at the brokerage's clearing firm, not owned by Robinhood itself. If Robinhood failed, the Securities Investor Protection Corporation (SIPC) would transfer your account to another brokerage. Your shares would move with you — you would not lose them.