Re: moisture
Bill Tindall, E.Tn.
If we leave a 2 x 6 deck board exposed out on the bridge we are decking, in a week it has lost most of the weight it had coming out of treatment. It is certainly dry enough to paint. It has been in the 90's out on the bridge by day.
Treated lumber is sold "wet" and KD. If what you bought was "wet" it would be a mistake to not install it and let it dry in place. If left to dry free to distort it may distort. Or it might not. Depends on the details of the growth. If what you bought is KD it can be painted at once.