Can a California extraction-first operator really turn brutal market headwinds into 45% margins—and keep it going as New York ramps up? That’s the question on the table in this deep-dive with one of the rare feel-good earnings stories in U.S. cannabis right now.The TDR Trade To Black podcast, host Shadd Dales and Anthony Varrell interview Micah Anderson, CEO of LEEF Brands Inc. (OTCQB: LEEEF) (CSE: LEEF), to walk through how an extraction-led, vertically integrated model is driving margin expansion in California and early wins in New York. From locking in sub-$10/lb input costs off a 65-acre farm in Santa Barbara County to running three extraction lines in Mendocino, Micah breaks down the playbook behind LEEF’s Q3 turnaround, capacity sell-through, and brand-partner strategy.They also get into what’s next: where concentrates and smokeless products fit as consumer preferences shift, how genetics and SOPs matter when you’re scaling outdoor at size, and why California could still be the global engine once interstate commerce and a “one plant” THC policy finally land. Along the way, the crew talks New York realities vs. hype, why being battle-tested in California matters, and how a company like LEEF is positioning for the day big CPG and beverage money shows up.This episode is a neutral look at how one operator is executing in two of the country’s most important markets.#CannabisStocks #LEEFBrands #TradeToBlack #CannabisInvesting #CaliforniaCannabis #NewYorkCannabis #CannabisExtraction #VerticalIntegration #CannabisEarnings #CannabisNewsWant to see last week's recap? • Congress Drops a Hemp Shockwave | TTB Week... Want to see more Cannabis Reform videos? • How the Hemp Ban Impacts Cannabis Reschedu... • Hemp Ban Sparks Major Lawsuits | TDR Canna... • Ted Cruz Shocks D.C. by Backing the Hemp I... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
A lot is happening in Washington today, and the cannabis industry is paying close attention.
Joining the show is Michael Bronstein, President of the American Trade Association for Cannabis and Hemp (ATACH), for this week’s Insider’s Edge. He’s in D.C. as several major MSO executives meet to compare notes on policy, strategy, and the overall direction of federal cannabis discussions.We’ll cover why leaders like Boris Jordan (Curaleaf), Kim Rivers (Trulieve), Charlie Bachtell (Cresco Labs), and George Archos (Verano) are all in Washington at the same time — and what their presence signals about how companies are preparing for the months ahead.Today’s episode looks at the signals coming from policymakers, how MSOs are organizing their priorities, and what industry groups are watching closely as conversations progress in D.C. From capital flow to M&A interest to the ongoing tension between hemp and cannabis regulations, this is a helpful overview for anyone trying to follow the bigger picture in a steady, fact-based way.#CannabisNews #CannabisReform #MSOs #HempIndustry #WashingtonDC #CannabisPolicy #CannabisRescheduling #Dutchie #ATACH #HempBanWant to see last week's recap? • Congress Drops a Hemp Shockwave | TTB Week... Want to see more Cannabis Reform videos? • How the Hemp Ban Impacts Cannabis Reschedu... • Hemp Ban Sparks Major Lawsuits | TDR Canna... • Ted Cruz Shocks D.C. by Backing the Hemp I... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Did the Wall Street Journal’s big headline actually backfire? Is the Trump administration slowing down rescheduling on purpose? And now that the nationwide hemp ban is officially law, what does this mean for the future of cannabis regulation?This episode of TDR Cannabis in 5 presented by Dutchie breaks down the latest signals out of D.C., the industry missteps that may have irritated the administration, and how the new federal hemp ban instantly reshapes the regulatory map.We start by rewinding to late summer 2025, when the cannabis industry went hard on rescheduling. CEOs were loud, lobbyists were everywhere, and then the Wall Street Journal added fuel with a headline basically telling Trump to move cannabis out of Schedule I. But according to what we’ve heard from insiders, that push may have been read as pressure — and the response from Washington quickly shifted to: “We hear you… but back off.” Not confirmed, but absolutely being talked about.Fast-forward to right now: the hemp ban has landed, banning intoxicating hemp products nationwide. Delta-8, THCA, and similar compounds are out. No more grey area. No more loophole. Congress made it clear — regulate cannabis or stop dancing around the edges.And that’s where the bigger picture comes in. The administration is still eyeing cannabis reform, but on its own timeline. CBD could easily be the first domino — especially if they classify it as a nutraceutical and start building a federal framework from there.A lot is moving quickly. The hemp ban changed the board overnight, and the next steps from Washington will decide how both industries evolve from here.#HempBan #CannabisNews #Rescheduling #Delta8 #CBD #CannabisPolicy #TrumpAdministration #CannabisIndustry #CannabisReform #HempIndustryWant to see last week's recap? • Congress Drops a Hemp Shockwave | TTB Week... Want to see more Cannabis Reform videos? • Hemp Ban Sparks Major Lawsuits | TDR Canna... • Ted Cruz Shocks D.C. by Backing the Hemp I... • How Kentucky Bourbon Killed Hemp | TDR Can... • If Hemp Gets Banned… Then What? | TDR Cann... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
What just happened in cannabis and hemp this week — and why does it feel like Washington hit “chaos mode” overnight? Did Congress really just re-criminalize an entire industry? And what does this mean for veterans, voters, operators, and your favorite brands on shelves right now?This episode of the TDR Weekly Recap presented by Dutchie breaks down the policy storm in D.C., the Senate’s biggest cannabis showdown to date, Florida’s next legalization fight, Tilray’s push for sane hemp regulations, and a wild earnings season that showed exactly which operators are thriving and which ones are bleeding.We kick things off with the federal spending package that basically nuked intoxicating hemp products — delta-8, delta-10, THC-P, all of it. The language closes the 2018 loophole and then some, setting THC caps so low that even standard CBD products would disappear. The hemp industry says this is a $30B mistake. Congress says the loophole needed to die. And honestly? Both sides are heated.Then we jump to the Senate floor, where Rand Paul made his stand… Ted Cruz surprisingly broke ranks… and Mitch McConnell officially tried to bury the hemp market he once created. Meanwhile, alcohol lobbyists are fist-pumping from the cheap seats.Florida voters? They want legalization yesterday. But will the state even allow the question on the ballot?Tilray? They’re calling out the ban as backwards — and pushing for actual regulation instead of panic-button policy.And earnings season? Total roller coaster. Village Farms crushed. Rubicon leveled up. Glass House reset. Ascend stayed steady. Cannabist pulled back. TILT wiped out. Planet 13 rebuilt.A lot moved fast this week — and the next moves from Congress and state regulators could reshape both industries all over again.#CannabisNews #HempBan #Delta8 #CannabisPolicy #TDRWeeklyRecap #Dutchie #CannabisInvesting #MSOs #CongressNews #CannabisReformWant to see more Cannabis Reform videos? • Hemp Ban Sparks Major Lawsuits | TDR Canna... • Ted Cruz Shocks D.C. by Backing the Hemp I... • How Kentucky Bourbon Killed Hemp | TDR Can... • If Hemp Gets Banned… Then What? | TDR Cann... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Did Congress just shut down the entire intoxicating hemp market? That’s the question circulating today after lawmakers officially moved ahead with a federal ban on all hemp-derived products containing any detectable THC. It’s one of the biggest policy shifts since the 2018 Farm Bill and it immediately reshapes the landscape for both hemp and cannabis operators.The TDR Cannabis in Five, presented by Dutchie, breaks down what this official ban covers, how broad the language truly is, and why it affects far more than just Delta-8 beverages. Products that were compliant under state rules — including gummies, tinctures, drinks, and even certain full-spectrum CBD items — now fall under this federal prohibition. States like Minnesota, Tennessee, and Kentucky spent years building regulatory systems, and those programs are now overridden at the federal level.This episode also outlines the industry pushback now underway from attorneys who argue that the ban goes far beyond addressing bad actors. Their warnings highlight potential impacts on farmers, manufacturers, retailers, and national consumer-goods companies that had begun investing into hemp-derived product lines. With Congress choosing a broad prohibition approach, the focus now shifts to how state agencies, regulators, and operators navigate the transition period.The final outcome will depend on implementation details, state-level responses, and any additional guidance that may follow. This development will also factor into upcoming federal discussions around cannabis, CBD, and long-term regulatory structure as policymakers reassess the line between hemp and marijuana.#CannabisNews #HempBan #THCBan #Congress #CannabisPolicy #HempIndustry #Delta8 #Dutchie #MitchMcConnell #CannabisIndustryWant to see more Cannabis Reform videos? • Ted Cruz Shocks D.C. by Backing the Hemp I... • How Kentucky Bourbon Killed Hemp | TDR Can... • If Hemp Gets Banned… Then What? | TDR Cann... • The Hemp Crackdown Begins Now | TDR Cannab... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Hemp just got hit with a nationwide ban on intoxicating products—so what does that actually mean for the future THC industry, and where does cultivation go from here?The TDR Trade To Black podcast, presented by Advanced Nutrients, brings hosts Shadd Dales and Anthony Varrell back together with Michael “BigMike” Straumietis, CEO and founder of Advanced Nutrients, for a full sit-down on where this all goes next.In this episode, the guys break down what the new ban on intoxicating hemp products really covers, why it’s not the end of hemp as a crop, and how this could push the industry toward a true “one THC industry” instead of hemp vs cannabis infighting. BigMike gets into why alcohol and whiskey lobbyists pushed so hard, what a unified front could look like over the next 12 months, and how rescheduling and a new Farm Bill might change the game again.From there, they zoom out to the science and business side of cultivation: triploid genetics, double haploid seeds, automation, IP protection on the blockchain, and why outdoor, gene-edited cannabis could eventually look as good as today’s top-shelf indoor. BigMike also shares what he’s seeing on the ground in the EU, the Middle East, and places like Armenia and Kazakhstan as global cannabis markets slowly level up.This conversation sticks to the realities: policy, genetics, yields, jobs, and where operators might need to pivot as the THC era takes shape.#TradeToBlack #AdvancedNutrients #BigMike #HempBan #THCIndustry #CannabisCultivation #CannabisGenetics #CannabisPolicy #CannabisPodcast #ShaddAndAnthonyWant to see more Cannabis Reform videos? • Ted Cruz Shocks D.C. by Backing the Hemp I... • How Kentucky Bourbon Killed Hemp | TDR Can... • If Hemp Gets Banned… Then What? | TDR Cann... • The Hemp Crackdown Begins Now | TDR Cannab... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Earnings season is almost wrapped — so what are these latest numbers actually telling us about the cannabis industry right now?On the latest Trade To Black Podcast, presented by Dutchie, we break down the newest earnings from Chicago Atlantic and Rubicon Organics, giving you the real story behind two very different corners of the market.In Segment 1, Anthony sits down with Peter Sack, Managing Partner of Chicago Atlantic (NASDAQ: REFI) (NASDAQ: LIEN) to dig into their latest numbers. Chicago Atlantic reported $9.5M in net investment income, rolled out $66.7M in new originations, and kept its entire portfolio fully performing — no non-accruals at all. With a $311M book and another steady dividend, they’re proving that disciplined lending still hits even when the industry’s moving sideways.Then Anthony brings on Margaret Brodie, CEO of Rubicon Organics (TSX-V: ROMJ), to break down one of the biggest glow-ups of the quarter. Rubicon delivered $15.6M in net revenue, doubled gross profit, and posted a massive 1,778% jump in net income YoY. Between international shipments and its Cascadia facility now fully licensed, Rubicon is leaning hard into premium brands and higher-margin channels.Plus, we get their take on this week's news about Congress passing the funding bill that ended the government shutdown and included a nationwide ban on intoxicating hemp products.See you at 11am EST! #CannabisNews #CannabisFinance #ChicagoAtlantic #RubiconOrganics #CannabisEarnings #CannabisInvesting #CannabisIndustry #CannabisStocks #HempIndustry #IntoxicatingHemp #HempBanWant to see more Cannabis Reform videos? • Ted Cruz Shocks D.C. by Backing the Hemp I... • How Kentucky Bourbon Killed Hemp | TDR Can... • If Hemp Gets Banned… Then What? | TDR Cann... • The Hemp Crackdown Begins Now | TDR Cannab... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Did Ted Cruz just become the unexpected MVP for the hemp industry? Yep — that actually happened. In one of the most surprising moments out of D.C. this year, Cruz voted against a federal hemp-THC ban, siding with an industry most people assumed he’d oppose. Total plot twist.The TDR Cannabis in Five podcast, presented by Dutchie, breaks down the full story — what the Senate voted on, why the amendment mattered, and why Cruz leaned so heavily into the states-rights angle right as Congress is debating whether Delta-8, Delta-10, and THC-P should stay federally legal.Shadd walks through the Rand Paul amendment, the vote breakdown, and the quotes Cruz dropped afterward that had policy watchers doing double-takes. The episode also looks at how this vote exposes a growing divide inside the GOP — with some lawmakers pushing for a national hemp crackdown, and others arguing that states like Texas, Florida, and Colorado already have their own regulatory systems dialed in.We also look ahead to what happens next as the funding bill moves to the House, where the hemp language could get rewritten or removed entirely. The outcome will determine whether hemp-THC products remain legal across the U.S. or face new federal restrictions.#TedCruz #HempBan #Delta8 #CannabisPolicy #RandPaul #HempTHC #CannabisNews #CongressUpdate #GovernmentShutdownWant to see more Cannabis Reform videos? • How Kentucky Bourbon Killed Hemp | TDR Can... • If Hemp Gets Banned… Then What? | TDR Cann... • The Hemp Crackdown Begins Now | TDR Cannab... • FBI Data: Cannabis Arrests Still Lead the ... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
In this episode of the TDR Trade To Black Podcast presented by Dutchie, host Shadd Dales and co-host Anthony Varrell sit down with Brady Cobb — attorney, advocate, and entrepreneur — to unpack how the federal hemp crackdown became one of the biggest wake-up calls the cannabis world has ever seen.Cobb breaks down how the hemp boom turned into a policy disaster: from THCA flower flooding markets to states battling over enforcement. He explains how short-term wins, political isolation, and a refusal to align with licensed cannabis operators pushed hemp straight into Congress’s crosshairs.The conversation doesn’t stop at blame. The 3 discuss what a post-ban world could look like — how to protect small farmers, save legitimate businesses, and finally build a unified cannabis-hemp coalition that works long-term.It’s sharp, grounded, and brutally honest — exactly what this moment needs.#CannabisNews #HempBan #CannabisIndustry #HempIndustry #MitchMcConnell #RandPaul #Hemp #Cannabis #Marijuana #CannabisReform #THCA #MarijuanaPolicyWant to see more Cannabis Reform videos? • How Kentucky Bourbon Killed Hemp | TDR Can... • If Hemp Gets Banned… Then What? | TDR Cann... • The Hemp Crackdown Begins Now | TDR Cannab... • FBI Data: Cannabis Arrests Still Lead the ... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Why did intoxicating hemp just get banned — and what does whiskey have to do with it? In this episode, we break down how the alcohol lobby, Kentucky politics, and legacy market pressure all converged to end one of the fastest-growing segments in U.S. cannabis.TDR Cannabis in 5, presented by Dutchie, takes a hard look at how this ban came together — and what it really means. From bourbon’s turf war to Mitch McConnell’s final political favor, host Shadd Dales unpacks the power dynamics behind Congress’s decision to pull intoxicating hemp off shelves nationwide.You’ll hear how brands like Buffalo Trace, Four Roses, and Heaven Hill started losing ground to hemp-THC beverages and gummies, prompting a well-funded lobbying blitz that framed hemp as a “public health risk.” We’ll also explain why McConnell’s role was pivotal — not just as Kentucky’s top senator, but as the same lawmaker who once legalized hemp through the 2018 Farm Bill.Finally, we look ahead: what happens to hemp operators stuck with banned inventory? And could cannabis be the next industry targeted by alcohol’s political influence? The whiskey lobby just showed its playbook — and cannabis might be next in line.This isn’t speculation. It’s strategy. And it’s already reshaping how investors and policymakers view the future of alternative intoxicants.#CannabisInFive #HempBan #MitchMcConnell #CannabisNews #BourbonLobby #CannabisIndustry #THCPolicy #Dutchie #TradeToBlack #CannabisReschedulingWant to see more Cannabis Reform videos? • If Hemp Gets Banned… Then What? | TDR Cann... • The Hemp Crackdown Begins Now | TDR Cannab... • FBI Data: Cannabis Arrests Still Lead the ... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Can Congress really shut down America’s hemp-THC market overnight? That’s what’s on the table right now — and the fallout could reshape both the hemp and cannabis industries for years to come.Welcome back to TDR Cannabis in Five, presented by Dutchie.Today’s episode looks at new hemp language tucked inside Congress’s Continuing Resolution — language that would ban intoxicating hemp products like Delta-8, Delta-9 variants, THC-O, and HHC by redefining “total THC.” If this passes, it’s the biggest reset since the 2018 Farm Bill — wiping out a billion-dollar gray-market industry and forcing a full-scale reboot of how legal THC is sold in America.We break the story down in three parts: How the proposed hemp ban would impact farmers, retailers, and CBD brands. Why licensed cannabis operators could benefit — if they play it smart. What the post-ban market could look like for investors, consumers, and regulators heading into 2026.This reporting was first covered by Marijuana Moment, and it’s sparking one of the most dramatic policy debates we’ve seen since rescheduling talks began.Bottom line — Congress isn’t just closing loopholes; it’s redrawing the map for the entire THC economy. Whether you’re team hemp or team cannabis, the next six to twelve months will decide who survives and who gets left behind.#CannabisNews #HempBan #Delta8 #THCPolicy #MarijuanaMoment #CannabisReform #CannabisInvesting #HempIndustry #Schedule3 #DutchieWant to see last week's recap? • Cannabis Earnings Week: Winners and Red Fl... Want to see more Cannabis Reform videos? • The Hemp Crackdown Begins Now | TDR Cannab... • FBI Data: Cannabis Arrests Still Lead the ... • Big Alcohol vs. Big Hemp: The Capitol Hill... • Abigail Spanberger’s Win Sets Stage for Ca... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Is the billion-dollar hemp industry about to be wiped out? A new federal funding bill—tucked inside Congress’s effort to prevent a government shutdown—includes language that would ban all intoxicating hemp products nationwide. From Delta-8 to THC-P and even full-spectrum CBD, everything could disappear from shelves within a year if this passes.TDR Cannabis in Five, presented by Dutchie, breaks down exactly what’s in the FY2026 Agriculture-FDA Appropriations Bill and why this crackdown has been years in the making. Senator Mitch McConnell and Representative Andy Harris are leading the charge, arguing the hemp market has drifted too far from its original intent. With bipartisan backing and growing concern from law enforcement and licensed cannabis operators, this may be the most significant regulatory shift since the 2018 Farm Bill itself.In today’s episode, Shadd Dales walks through:• What the new definition of hemp really means• The one-year wind-down period before the ban takes effect• How this impacts consumers, investors, and hemp-THC brands• Why the government is drawing a hard line between cannabis and hemp moving forwardThe bigger question: what does a post-ban world look like? For regulated cannabis operators, it could mean fewer competitors and a cleaner marketplace. For hemp brands, it could mean an existential countdown.We’ll continue tracking every update as Congress moves toward a final vote.#CannabisNews #HempBan #Delta8 #CannabisPolicy #MarijuanaReform #HempIndustry #CannabisStocks #MitchMcConnell #THCP #DutchieWant to see last week's recap? • Cannabis Earnings Week: Winners and Red Fl... Want to see more Cannabis Reform videos? • FBI Data: Cannabis Arrests Still Lead the ... • Big Alcohol vs. Big Hemp: The Capitol Hill... • Abigail Spanberger’s Win Sets Stage for Ca... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
What happens if Congress actually bans hemp nationwide?TDR Trade To Black Podcast, presented by Dutchie, breaks down the new federal language buried inside the FY2026 government funding bill that would outlaw all consumable hemp products containing any “quantifiable amount of THC.” That means Delta-8, Delta-10, THC-P, and even full-spectrum CBD could all disappear with one vote.Host Shadd Dales and Anthony Varrell are joined by Brady Cobb, one of the sharpest policy minds in cannabis, and Michael Bronstein, President of the American Trade Association for Cannabis and Hemp. Together, they dig into who’s really behind this move—and what it could mean for hemp brands, investors, and everyday consumers.In this episode:• Who’s pushing the hemp ban through Congress• Why this mirrors the failed Mary Miller Amendment• What “quantifiable THC” actually means for hemp products• How state markets and CBD brands could get hit• Whether the DEA or White House will step in nextThe FY2026 hemp provision could reshape how THC products are regulated across the country. Lawmakers say it’s meant to close loopholes from the 2018 Farm Bill, while industry groups warn it could wipe out an entire market overnight.#CannabisNews #HempBan #THCPolicy #Delta8 #Delta10 #CannabisStocks #MarijuanaReform #Dutchie #TradeToBlack #Congress #CannabisIndustry #HempIndustryWant to see last week's recap? • Cannabis Earnings Week: Winners and Red Fl... Want to see more Cannabis Reform videos? • FBI Data: Cannabis Arrests Still Lead the ... • Big Alcohol vs. Big Hemp: The Capitol Hill... • Abigail Spanberger’s Win Sets Stage for Ca... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
How strong was cannabis earnings week — and what does it tell us about where the industry’s heading in 2026?In this week’s TDR Trade To Black Weekly Recap, presented by Dutchie, host Shadd Dales breaks down a blockbuster week for cannabis investors — as the industry’s biggest players released fresh quarterly results. We’re talking Trulieve (CSE: TRUL | OTCQX: TCNNF), Green Thumb Industries (CSE: GTII | OTCQX: GTBIF), Curaleaf (TSX: CURA | OTCQX: CURLF), Canopy Growth (TSX: WEED | Nasdaq: CGC), Jushi Holdings (CSE: JUSH | OTCQB: JUSHF), MariMed (CSE/OTCQX: MRMD), LEEF Brands (CSE: LEEF | OTCQB: LEEEF), NewLake Capital (OTCQX: NLCP), GrowGeneration (NASDAQ: GRWG), and Aurora Cannabis (TSX: ACB | Nasdaq: ACB).Trulieve led the headlines with $288 million in revenue, a 59% gross margin, and $458 million in cash — followed by a bold plan to redeem $368 million of 8% senior secured notes due 2026. Curaleaf’s “Return to Our Roots” plan showed steady U.S. growth and major traction in Europe. GTI and Canopy both tightened balance sheets, with profitability and cash flow trending positive. And for investors keeping score — LEEF Brands, Jushi, and GrowGeneration all posted margin expansion and improved cash generation.Beyond earnings, the episode also covers Big Food’s push to ban hemp-derived THC products and Florida’s ongoing legalization battle, revealing how political pressure and economic realignment are shaping the next phase of U.S. cannabis reform.The cannabis sector is evolving fast — and each of these stories connects to the same question: who’s positioning for real sustainability, and who’s just hanging on?This is TDR Trade To Black Weekly Recap, presented by Dutchie — your source for smart, grounded cannabis market analysis.#CannabisStocks #CannabisEarnings #Dutchie #Trulieve #Curaleaf #GTI #CanopyGrowth #CannabisNews #WeedStocks #MarijuanaInvestingWant to see more Cannabis Reform videos? • Big Alcohol vs. Big Hemp: The Capitol Hill... • Abigail Spanberger’s Win Sets Stage for Ca... • Alcohol Lobby Declares War on Hemp | TDR C... • Biden’s Cannabis Legacy: Does It Still Mat... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
What happens when the alcohol industry turns on itself — and hemp becomes the reason why?In this episode of TDR Cannabis in Five, presented by Dutchie, host Shadd Dales breaks down a growing fight in Washington, D.C., where beer, wine, and spirits distributors are urging Congress not to ban hemp-derived THC products, even as many of the producers they represent — the companies that actually make alcohol — are lobbying for the opposite.The tension comes as Congress debates updates to the 2018 Farm Bill, which legalized hemp but left wide loopholes that allowed intoxicating cannabinoids like Delta-8 and Delta-10 to hit store shelves. Now, with sales of hemp-infused beverages soaring and alcohol consumption falling, distributors see hemp drinks as a new revenue stream, while producers see them as a threat.Shadd walks through the numbers, the political stakes, and what this split means for the future of both industries — and for consumers caught between regulation and prohibition.Plus, a quick update from Dutchie, which is gearing up to launch a brand-new retail tech product that will change how dispensaries manage online sales, inventory, and customer engagement. Get early details at business.dutchie.com.The battle lines are clear: Big Alcohol vs. Big Hemp — and the outcome could shape the next chapter of cannabis reform in America.#TDRCannabisInFive #Dutchie #HempTHC #AlcoholIndustry #FarmBill #CannabisReform #Delta8 #THCDrinks #CannabisNews #WeedLegalizationWant to see more Cannabis Reform videos? • Abigail Spanberger’s Win Sets Stage for Ca... • Alcohol Lobby Declares War on Hemp | TDR C... • Biden’s Cannabis Legacy: Does It Still Mat... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Can the global cannabis industry finally find its balance — or are some markets already tipping too far?In this week’s TDR Trade To Black International Weekly Update, presented by Prohibition Partners, host Shadd Dales heads back across the pond for a full look at the changing landscape of international cannabis. From Germany’s oversupply dilemma and price compression, to the gender gap in the UK’s medical market, to Colombia’s long-awaited pharmacy rollout, and Lebanon’s push to enter global trade, this episode maps how four countries are redefining cannabis in real time.In Germany, industry leaders such as Stefan Fritsch of Grunhorn warn that too much supply and too little infrastructure are eroding margins, while Torsten Greif of 420 Pharma (Curaleaf affiliate) says the country is fast becoming a re-export hub for Europe. Across the UK, new data from Releaf shows that nearly 70 percent of medical cannabis patients are male — leaving conditions like endometriosis and menopause symptoms largely untreated.Further south, Colombia has finally authorized domestic cannabis sales in pharmacies after years of delay, with hopes that the move can restore investor confidence after a $250-million funding drought. And in the Middle East, Lebanon has launched its long-delayed medical program, betting on legal cannabis exports to stabilize a collapsing economy.Each market shows a different path — and a different warning — for how cannabis reform evolves beyond North America.#TDRTradeToBlack #ProhibitionPartners #GlobalCannabis #GermanyCannabis #UKCannabis #ColombiaCannabis #LebanonCannabis #CannabisReform #MedicalMarijuana #CannabisNewsWant to see more Cannabis Reform videos? • Abigail Spanberger’s Win Sets Stage for Ca... • Alcohol Lobby Declares War on Hemp | TDR C... • Biden’s Cannabis Legacy: Does It Still Mat... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Is Virginia finally ready to launch adult-use cannabis sales?With Abigail Spanberger winning the Virginia governorship, the political winds have officially shifted. Her campaign prioritized cannabis reform, and now—with a Democratic majority in both chambers—Virginia is poised to move from possession-only to a fully regulated retail market.In this episode of Trade To Black, presented by Dutchie, hosts Shadd Dales and Anthony Varrell sit down with Trent Woloveck, Chief Strategy Officer at JUSHI Holdings (CSE: JUSH | OTCQX: JUSHF), to unpack what Spanberger’s win means for cannabis operators, investors, and consumers across the Commonwealth.Trent is one of the most dialed-in voices in the cannabis space—especially when it comes to Virginia. From licensing frameworks to district-level dynamics, he breaks down what’s likely to happen next, what hurdles remain, and how the rollout could be structured.We cover:• What Spanberger’s win signals for cannabis reform• How Virginia’s Cannabis Control Authority might regulate licensing• Local opt-in rules and district-by-district adoption• Social equity priorities and vertical integration limits• Tax structure and retail launch timelines• What MSOs and investors should watch for in 2026Whether you’re a policymaker, operator, or just curious about how Virginia could become the next major cannabis market, this episode is a must watch.📅 Friday @ 11 AM ET🎙️ Presented by Dutchie📍 Streaming on YouTube#VirginiaCannabis #AbigailSpanberger #CannabisLicensing #TradeToBlack #CannabisPolicy #JushiHoldings #CannabisEquity #CannabisNews #CannabisRegulation #CannabisStocksWant to see more Cannabis Reform videos? • Abigail Spanberger’s Win Sets Stage for Ca... • Alcohol Lobby Declares War on Hemp | TDR C... • Biden’s Cannabis Legacy: Does It Still Mat... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Can Virginia finally deliver what so many states haven’t — a fast, fair, and fully regulated cannabis market?TDR Cannabis in Five, presented by Dutchie, breaks down how a single election could change everything. Democrat Abigail Spanberger just defeated Glenn Youngkin to become Virginia’s next governor — and that victory could finally clear the way for adult-use cannabis legalization. Spanberger has openly supported building a transparent retail market, reinvesting cannabis revenue into education and health programs, and giving small businesses a fair shot at success.Why does this matter? Virginia is a state of 8.6 million people with existing medical operators, dispensaries, and cultivation sites — meaning a recreational rollout could move fast. Analysts estimate the market could hit $1 billion in just a few years, and two companies are already positioned to capitalize: Verano Holdings (CBOE: VRNO), and Jushi Holdings. Each has deep roots in Virginia’s medical program and the infrastructure to scale the moment legalization passes.With Spanberger’s win, Democrats now control both the governorship and the legislature — removing the last major roadblock that blocked reform under Youngkin. Expect new adult-use bills early in 2026 emphasizing consumer safety, business transparency, and community reinvestment.For investors and operators alike, Virginia may be the next big East Coast opportunity — and TDR Cannabis in Five is tracking every step.#CannabisNews #VirginiaCannabis #AbigailSpanberger #CannabisStocks #VeranoHoldings #JushiHoldings #CannabisReform #MarijuanaLegalization #CannabisIndustryWant to see more Cannabis Reform videos? • Alcohol Lobby Declares War on Hemp | TDR C... • Biden’s Cannabis Legacy: Does It Still Mat... • Seth Rogen Calls Out Big Alcohol Over Hemp... • Hemp vs. Cannabis: Inside the Trump-era In... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Earnings week is here — and some of the biggest names in cannabis are putting their numbers on the table. The question everyone’s watching: how did they hold up in Q3 2025?TDR Trade To Black Podcast, presented by Dutchie, features host Shadd Dales and Anthony Varrell sitting down with three major cannabis CEOs to talk results, operations, and what’s driving performance across their businesses.🔹 George Archos, CEO of Verano Holdings Corp. (CBOE: VRNO) — reported $203M in revenue, stable margins, and positive cash flow, along with a $43.8M net loss. He walks through the company’s financials and plans for Virginia’s adult-use market.🔹 Micah Anderson, CEO of LEEF Brands Inc. (CSE: LEEF) — shared 24% revenue growth and positive EBITDA for the first time, with updates on expansion in California and New York.🔹 Jim Cacioppo, CEO of Jushi Holdings Inc. (CSE: JUSH / OTCQX: JUSHF) — discussed $65.7M in revenue, a 41-store footprint, and what Virginia’s new governor could mean for Jushi’s retail plans.This episode gives a clear snapshot of where each operator stands — from financial results to market positioning — as the industry heads toward year-end and a busy 2026 ahead.#CannabisStocks #CannabisEarnings #CannabisIndustry #CannabisInvesting #VeranoHoldings #LEEFBrands #JushiHoldings #TradeToBlack #ShaddDales #DutchieWant to see more Cannabis Reform videos? • Alcohol Lobby Declares War on Hemp | TDR C... • Biden’s Cannabis Legacy: Does It Still Mat... • Seth Rogen Calls Out Big Alcohol Over Hemp... • Hemp vs. Cannabis: Inside the Trump-era In... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
Is this really about safety—or about control? That’s the question blowing up across Capitol Hill as alcohol lobbyists step directly into the hemp fight.TDR Cannabis in Five, presented by Dutchie, breaks down how five of the biggest alcohol trade groups in America are now pressuring Congress to ban intoxicating hemp products—at least until federal agencies create new regulations. Their argument: hemp-THC drinks and edibles are hitting shelves without testing or age limits. But critics say this has less to do with “public health” and everything to do with protecting market share.According to Marijuana Moment, the Beer Institute, Distilled Spirits Council, Wine Institute, and others are demanding Congress halt sales of hemp-derived THC beverages. That’s huge, because the same people who built the alcohol industry’s lobbying machine are now coming for hemp.Lawmakers are split. Mitch McConnell and Andy Harris support the ban, while Senator Rand Paul says it would crush small businesses. With the Farm Bill rewrite underway, both sides are fighting hard to shape what comes next.At the end of the day, this battle isn’t just about policy—it’s about power. Hemp and alcohol are officially in the same ring, and whoever wins could define the future of cannabis regulation in America.#CannabisIndustry #HempTHC #THCDrinks #HempBan #MarijuanaNews #CannabisReform #FarmBill2025 #AlcoholVsHemp #CannabisPolitics #MitchMcConnell #RandPaulWant too see last week's recap? • McConnell vs. Paul Split Could Define U.S.... Want to see more Cannabis Reform videos? • Biden’s Cannabis Legacy: Does It Still Mat... • Seth Rogen Calls Out Big Alcohol Over Hemp... • Hemp vs. Cannabis: Inside the Trump-era In... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...