What were the real turning points in cannabis this year — the ones that actually changed the trajectory, not just the timeline?TDR Trade to Black, presented by Dutchie, runs it back with a holiday-season special: the Top 10 Moments of 2025 in cannabis — with Shadd Dales and co-host Anthony Varrell, plus friend of the show Guap jumping in with commentary along the way.The countdown starts with the stories that defined the risk side of the sector — including the Ayr Wellness collapse and what it said about leverage, cash flow, and survivability in a “no freebies” capital market. From there, the conversation moves into new political tailwinds — like Virginia’s shift toward adult-use momentum heading into 2026, and why the state is becoming a battleground market for MSOs.The list also hits big structural themes that kept showing up all year: debt cleanup and balance sheet discipline (with Trulieve’s moves getting a spotlight), the ongoing cannabis vs. alcohol trend, and the expanding map of new state markets coming online.Then comes the part everyone argued about in real time: the Texas hemp crackdown, the broader push to rein in intoxicating hemp, and why those fights mattered for “real” reform.And yes — the episode saves the obvious one for last: President Trump’s executive order that kicked off the path toward federal cannabis rescheduling, and why 2026 is shaping up to be the year where policy finally turns into mechanics.Viewers are invited to weigh in: agree, disagree, or add the moment they think belongs on the list.#TDRTradeToBlack #Dutchie #CannabisRescheduling #CannabisStocks #MSOS #CannabisPolicy #USCannabis #CanadianCannabis #HempPolicy #CannabisNewsWant to see more Cannabis Reform videos? • Why Cannabis Is Headed for a Market Re-Rat... • Trump Sets January Deadline for Cannabis R... • What Really Happened Thursday in Cannabis ... 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...
On this episode of TDR Cannabis in Five, the focus shifts away from policy headlines and stock moves and into something far more foundational — how cannabis is grown. As the industry matures and competition tightens, cultivation quality is becoming one of the biggest differentiators in the market.Premium cannabis tends to hold pricing power longer, maintain stronger retailer relationships, and deliver more consistent margins. And that advantage starts long before products hit store shelves — it begins in the grow room. This episode takes a closer look at cultivation practices and uses Advanced Nutrients as a case study to explain how premium cannabis is produced behind the scenes.Advanced Nutrients has focused exclusively on cannabis cultivation since 1999, developing system-based nutrient solutions used by growers in more than 120 countries. Their approach emphasizes consistency, nutrient balance, and repeatable results — all critical factors as operators scale and investors scrutinize operations more closely.As rescheduling and consolidation move forward, growers and companies are being evaluated on execution, not hype. Facilities that can deliver predictable yields and reliable quality stand out, while inconsistent operations face rising pressure.This episode breaks down why cultivation inputs matter more than ever — and why understanding what happens inside the grow room is becoming just as important as tracking federal cannabis policy.#CannabisCultivation #PremiumCannabis #CannabisRescheduling #GrowRoom #CannabisIndustry #TDRCannabisInFive #CannabisProduction #WeedBusiness #CannabisConsolidation #CultivationTechWant to see more Cannabis Reform videos? • Why Cannabis Is Headed for a Market Re-Rat... • Trump Sets January Deadline for Cannabis R... • What Really Happened Thursday in Cannabis ... 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...
The TDR team shares a special holiday message to close out the year, celebrating the cannabis industry and the people helping move it forward. In this festive video, Shadd Dales sends warm holiday wishes alongside GUAP (GUAPNV), reflecting on a year defined by resilience, leadership, and continued evolution across the cannabis sector.The video also features familiar industry voices, including Margaret Brodie of Rubicon Organics (TSX: ROMJ), Raj Grover of High Tide (NASDAQ: HITI | TSX: HITI), and Anthony Coniglio of NewLake Capital Partners (OTCQX: NLCP). Additional appearances include Ryan Crandall, JON Levine, and Howard Schacter of MariMed (OTCQX: MRMD), representing a broad cross-section of operators, executives, and capital providers.As the holiday season arrives, this message offers gratitude to the cannabis community and looks ahead to continued growth and opportunity in the year to come.#CannabisIndustry #TradeToBlack #ShaddDales #GUAPNV #CannabisLeadership #CannabisCEOs #CannabisInvesting #TDR #HolidayMessage #CannabisCommunityWant 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...
So here’s the question investors should really be asking right now:What happens to cannabis when it stops being treated like an outlier — and starts being viewed like a real, regulated industry?On this episode of TDR Cannabis in Five, the focus shifts beyond daily headlines and short-term price moves to the bigger picture taking shape across the cannabis sector. With federal rescheduling nearing completion, the industry may be entering the early stages of a full market re-rating — one driven by policy normalization, financial access, and institutional re-engagement.For years, cannabis has been boxed into a corner by outdated federal classifications, limited banking access, and restricted capital markets. That framework has kept valuations compressed and institutional participation on the sidelines. Rescheduling doesn’t solve everything, but it fundamentally changes how cannabis is categorized by lawmakers, regulators, and investors.Once cannabis moves out of Schedule I, pressure builds quickly for banking reform. And if access to traditional financial services improves, the next major unlock becomes possible: senior exchange uplistings. That shift alone could force broader analyst coverage, deeper liquidity, and real price discovery.This episode breaks down why rescheduling is just the first domino — and how banking reform, uplisting, and institutional coverage could reshape how cannabis companies are valued, financed, and understood over the next 12 to 24 months.Not hype. Not speculation. Just how capital markets work when rules finally catch up with reality.#CannabisRescheduling #CannabisStocks #MarketReRating #CannabisInvesting #ScheduleIII #TDRCannabisInFive #WeedStocks #CannabisPolicy #InstitutionalCapital #CapitalMarketsWant to see more Cannabis Reform videos? • Trump Sets January Deadline for Cannabis R... • What Really Happened Thursday in Cannabis ... • Cannabis Enters a New Federal Era | TDR Ca... • Trump’s Cannabis Order: Why the Language M... • How Money Actually Moves Post-Rescheduling... 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...
So here’s the big question:Is federal cannabis rescheduling about to move from speculation to execution — and could January quietly set the tone for how 2026 begins for the entire sector?According to reporting from The Marijuana Herald, President Donald Trump has formally directed Attorney General Pam Bondi to finalize the federal rescheduling of cannabis by the end of January. The directive instructs the Department of Justice to complete the rulemaking process to move marijuana from Schedule I to Schedule III under the Controlled Substances Act, as quickly as federal law allows.This isn’t legalization — but it is meaningful. Schedule III status would formally recognize cannabis as having accepted medical use under federal law, pulling it out of the most restrictive category it’s occupied for decades.Timing matters. Cannabis stocks have spent years under pressure due to federal uncertainty, punitive tax treatment, and limited institutional participation. A clear federal directive with an actual deadline attached changes how risk is evaluated.Rescheduling could eliminate IRS Section 280E, improving cash flow and margins for operators. It also opens the door to expanded medical research and greater regulatory clarity — two things institutions care deeply about.This doesn’t solve everything overnight. Interstate commerce, banking reform, and criminal justice reform still require further action. But it does shift the conversation.Instead of asking if federal cannabis policy will move, markets start asking how fast — and who positions early.With January now firmly in focus, sentiment may be watching the calendar just as closely as the charts.#CannabisRescheduling #ScheduleIII #CannabisStocks #FederalCannabis #CannabisPolicy #TDRCannabisInFive #WeedStocks #280E #CannabisInvesting #MarketSentimentWant to see more Cannabis Reform videos? • What Really Happened Thursday in Cannabis ... • Cannabis Enters a New Federal Era | TDR Ca... • Trump’s Cannabis Order: Why the Language M... • How Money Actually Moves Post-Rescheduling... 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 TDR Trade To Black, hosts Shadd Dales and Anthony Varrell sit down with Rubicon Organics Inc. (TSX: ROMJ, OTCQX: ROMJF) CEO Margaret Brodie to look back on a year that forced real operators to separate themselves from the pack — and to talk through what 2026 could actually look like from here.The conversation starts with a candid recap of 2025, a year where Canadian cannabis shifted away from hype and survival mode and toward execution. Brodie explains how tighter capital markets, changing consumer behavior, and increased competition pushed companies to focus on what really matters: product quality, operational discipline, and brand trust.From there, the discussion moves into what’s ahead. Topics include evolving product trends like pre-rolls and all-in-one vapes, why premium flower still plays a critical role in building long-term brands, and how different provinces are behaving very differently when it comes to price sensitivity and premium adoption.The episode also touches on international opportunity, the growing relevance of Europe, and how recent U.S. cannabis policy developments are bringing renewed global attention to the sector — even for Canadian operators.Rather than big promises or speculation, this conversation stays grounded in real-world execution. It’s about how companies that stayed focused, stayed disciplined, and stayed close to the consumer are positioning themselves for the next phase of the cannabis industry heading into 2026.#CanadianCannabis #RubiconOrganics #CannabisInvesting #CannabisStocks #TSXStocks #CannabisCEO #TradeToBlack #PremiumCannabis #CannabisIndustry #Cannabis2026Want to see last week's recap? • Trump’s Executive Order Changes the Cannab... Want to see more Cannabis Reform videos? • What Really Happened Thursday in Cannabis ... • Cannabis Enters a New Federal Era | TDR Ca... • Trump’s Cannabis Order: Why the Language M... • How Money Actually Moves Post-Rescheduling... 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 major cannabis M&A collides with the biggest federal policy shift in decades?That’s the focus today on TDR Trade To Black, presented by Dutchie, going live today at 4 PM Eastern with hosts Shadd Dales and Anthony Varrell.In Segment One, we catch up with Luc Mongeau, CEO of Canopy Growth (NASDAQ: CGC, TSX: WEED), to break down the company’s recently announced acquisition of MTL Cannabis. We'll ask why Canopy moved now, what MTL adds strategically, and how consolidation in Canada is accelerating as balance sheets strengthen and weaker operators exit.In Segment Two, Noah Hamman from AdvisorShares joins the conversation to unpack what actually happened in markets after President Donald Trump’s executive order directing cannabis rescheduling. From the sharp pre-announcement selloff to the structural mechanics behind MSOS trading, this segment digs into flows, positioning, and what institutional investors are really watching next.This episode isn’t about hype — it’s about context. How policy shifts ripple through capital markets, why volatility showed up when it did, and what needs to happen for momentum to turn into something more durable.If you’re following cannabis from an investor, operator, or macro perspective, this is one you don’t want to miss.#CannabisStocks #CanopyGrowth #MSOS #CannabisRescheduling #CannabisInvesting #CannabisMAndA #TradeToBlack #Dutchie #WeedStocks #CannabisNewsWant to see last week's recap?https://youtu.be/przwMtjBUwcWant to see more Cannabis Reform videos?https://youtu.be/hMEayA3bEl0https://youtu.be/OfAcOAnGImEhttps://youtu.be/ZH46tOq3nIchttps://youtu.be/MxCrSG9gDiMWant 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: https://www.facebook.com/TheDalesReportTwitter: https://twitter.com/TheDalesReportInstagram: https://www.instagram.com/dalesreportLinkedIn: https://www.linkedin.com/company/the-...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...
After Thursday’s chaos, is the cannabis sector finally resetting — or just catching its breath?In the latest TDR Cannabis in 5, presented by Dutchie, the focus turns to one of the most dramatic and misunderstood trading weeks the cannabis sector has seen in years — and what it actually means going forward.Thursday’s selloff wasn’t a normal pullback. It wasn’t profit-taking. It was a sudden, coordinated structural flush that hit the entire U.S. cannabis complex at the same minute, just ahead of President Trump’s historic rescheduling announcement. Different stocks, different exchanges — same exact timing.That kind of move doesn’t happen by accident.This episode breaks down what really happened under the hood, why the drawdown created a meaningful mispricing, and why the sector is now entering a more balanced — but fragile — setup.There’s no sugarcoating it: retail investors are exhausted, trust has been damaged, and patience is thin after years of false starts. At the same time, cannabis rescheduling is now global news, drawing attention far beyond the usual industry circles.The key question now isn’t whether cannabis policy has changed — it has. The real question is whether new buyers step in to replace the retail capital that’s been carrying this sector for years.#CannabisStocks #CannabisRescheduling #TDRCannabisIn5 #MSOS #CannabisInvesting #USCannabis #MarketStructure #CannabisPolicy #Dutchie #StockMarketWant to see last week's recap? • Trump’s Executive Order Changes the Cannab... Want to see more Cannabis Reform videos? • Cannabis Enters a New Federal Era | TDR Ca... • Trump’s Cannabis Order: Why the Language M... • How Money Actually Moves Post-Rescheduling... 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...
Was this the week cannabis policy officially turned a corner?In this week’s TDR Trade To Black Weekly Recap, presented by Dutchie, the focus shifts to what actually moved the cannabis industry — confirmed federal action, court decisions, earnings, and where capital is quietly positioning.Federal cannabis rescheduling is now official after President Donald Trump signed an executive order directing agencies to complete the move from Schedule I to Schedule III under the Controlled Substances Act. This is not federal legalization, but it removes the 280E tax penalty, expands legitimate medical research, and signals a clear shift in how Washington views cannabis as an industry.At the same time, the U.S. Supreme Court declined to hear Canna Provisions v. Bondi, leaving federal prohibition intact and keeping pressure squarely on Congress and the executive branch — not the courts.On the business side, Canadian operators delivered standout earnings and strategic M&A. Organigram Global Inc. (NASDAQ: OGI, TSX: OGI) posted record Fiscal 2025 results, reinforcing its position as Canada’s top recreational cannabis company by market share. U.S. operators continued refinancing, divesting non-core assets, and consolidating ahead of what could be a very different regulatory environment.This weekly recap breaks down:
For investors, operators, and policy watchers, this week delivered clarity — and direction.#CannabisRescheduling #CannabisStocks #TrumpAdministration #CannabisPolicy #280E #SAFEbanking #CannabisInvesting #USCannabis #CanadianCannabis #PresidentTrumpWant to see more Cannabis Reform videos? • Cannabis Enters a New Federal Era | TDR Ca... • Trump’s Cannabis Order: Why the Language M... • How Money Actually Moves Post-Rescheduling... 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...
President Donald Trump has officially announced the rescheduling of cannabis, and the implications are already reaching far beyond the cannabis industry itself. What was once rumor and speculation is now front-page news—pulling in healthcare, financial markets, and Washington policymakers all at once.On this episode of TDR Cannabis in Five, the focus is on what actually changes after rescheduling—and why this move matters in practical terms, not just political ones. Rescheduling isn’t full legalization, but it represents a historic federal acknowledgment that cannabis has accepted medical value. That shift alone changes how researchers, regulators, lawmakers, and investors approach the space.From a healthcare perspective, rescheduling lowers long-standing barriers to research and clinical study, helping move cannabis further into evidence-based medicine. Economically, it removes the 280E tax burden that has weighed down operators for years, improving cash flow and long-term stability across the industry.For investors, the real story is what comes next. Rescheduling doesn’t instantly unlock institutional capital—but it reshapes the conversation in Washington. With cannabis now recognized as having medical legitimacy at the federal level, issues like banking reform and market access move back to center stage.This episode breaks down why this announcement matters now, what it realistically unlocks, and why the next phase of cannabis reform may finally be built on clarity instead of uncertainty.#CannabisRescheduling #ScheduleIII #CannabisPolicy #CannabisStocks #SAFEbanking #CannabisIndustry #FederalCannabis #CannabisNews #HealthcareReform #PresidentTrump #TrumpAdministrationWant to see more Cannabis Reform videos? • Trump’s Cannabis Order: Why the Language M... • How Money Actually Moves Post-Rescheduling... • CRS Warns Federal Hemp Ban Hard to Enforce... • Why Cannabis Messaging Needs a Reset | TDR... 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 does cannabis moving from Schedule I to Schedule III actually mean for operators, investors, and the 425,000 people working in the industry?On today’s TDR Trade to Black podcast presented by Dutchie, hosts Shadd Dales and Anthony Varrell are back at it with four major voices to break down one of the biggest policy shifts in U.S. cannabis history.In Segment 1, CNBC’s Tim Seymour joins the show to unpack President Trump’s executive order and the language around CBD that caught his attention during his interview with Trulieve CEO Kim Rivers. Tim digs into what he thinks regulators meant — and what operators should be watching for next.In Segment 2, George Archos, CEO of Verano Holdings (CBOE: VRNO), reacts to the reality that 280E is officially gone starting in 2026. He shares what this means for operators on the ground, how margins could shift, and why this moment hits differently for MSOs who’ve been grinding through the toughest tax environment in the country.In Segment 3, Tim Barash, Chairman & CEO of Dutchie, explains why Schedule III is more than a tax win — it’s a cultural and economic reset. He breaks down Dutchie’s years of work on cannabis policy reform, the end of 280E, and how institutional capital and mainstream services will finally open up.In Segment 4, Anthony Coniglio, CEO of NewLake Capital Partners (OTQX: NLCP), walks through how capital markets may re-rate the entire sector and what investors should realistically expect next.Like. Subscribe. Leave Comments.#CannabisNews #ScheduleIII #CannabisReform #280E #CannabisInvesting #MSOs #Dutchie #VeranoHoldings #CNBC #CannabisStocks #TrumpAdministrationWant to see more Cannabis Reform videos? • Trump’s Cannabis Order: Why the Language M... • How Money Actually Moves Post-Rescheduling... • CRS Warns Federal Hemp Ban Hard to Enforce... • Why Cannabis Messaging Needs a Reset | TDR... 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...
The TDR Trade to Black Podcast presented by Dutchie, breaks down a significant moment in federal cannabis policy. President Donald Trump announced earlier today that he has signed an executive order for the reclassification of cannabis to Schedule III. Host Shadd Dales, alongside cohost Anthony Varrell, is joined by a strong lineup of guests to help make sense of the day. Michael Bronstein, President of the American Trade Association for Cannabis & Hemp, and leading cannabis attorney Shane Pennington will walk through the key elements that were announced today. That includes how rescheduling will now open the door for expanded medical research, and how the administration might push Congress on the SAFER Banking Act, and federal agencies who will now consider Medicare pathways for CBD‑based treatments.Later in the show, veteran investor and cannabis advocate Marc Cohodes will break down how markets might reacted to the announcement - and how even though the tape was down today, new money and investors are about to enter into the cannabis industry. Plus, Jesse Redmond, former cannabis analyst and Head of IR & Business Development from LEEF Brands (OTCQX: LEEEF) explains why the long game is the right approach when investing in cannabis, and how market performance cannot be decided in one trading day.Subscribe, turn on notifications, and join the conversation.#CannabisNews #CannabisRescheduling #TDRPodcast #TradeToBlack #Dutchie #CannabisPolicy #SAFERBanking #CBDResearch #CannabisInvesting #CannabisIndustryWant to see more Cannabis Reform videos? • Trump’s Cannabis Order: Why the Language M... • How Money Actually Moves Post-Rescheduling... • CRS Warns Federal Hemp Ban Hard to Enforce... • Why Cannabis Messaging Needs a Reset | TDR... 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...
So if cannabis rescheduling is finally coming — what actually determines whether this rally holds… the headline, or the fine print?On the latest TDR Cannabis in Five, the focus shifts away from speculation and straight into substance. With President Donald Trump expected to issue an executive order on cannabis rescheduling, attention is now on what the language inside that order could unlock — and whether it creates momentum that lasts beyond the initial market reaction.Early reports suggest the order could include three meaningful components: moving cannabis to Schedule III to expand medical research access, urging Congress to advance the SAFER Banking Act, and potentially opening the door for Medicare coverage of certain CBD-based treatments. Each of those elements carries very different implications for operators, investors, and policymakers — and together, they could reshape how capital views the sector.Cannabis stocks have already reacted, but history shows headlines alone don’t sustain rallies. Markets are watching for clarity — on banking access, uplisting pathways, and signals that lawmakers in states like Pennsylvania, Florida, and Virginia now have political cover to move forward.This episode breaks down why specific language matters, how federal signals ripple into state-level reform, and what investors should actually be watching in the days ahead — beyond the noise.#CannabisRescheduling #CannabisStocks #SAFERBanking#MSOS #CannabisInvesting#CannabisPolicy#ScheduleIII#WeedStocks #FederalCannabis#Trump #TrumpAdministrationWant to see more Cannabis Reform videos? • How Money Actually Moves Post-Rescheduling... • CRS Warns Federal Hemp Ban Hard to Enforce... • Why Cannabis Messaging Needs a Reset | TDR... 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...
Shadd Dales and Anthony Varrell, break down where the cannabis industry stands right now — financially, politically, and structurally.The show starts with an earnings angle with Organigram Global Inc. (NASDAQ: OGI, TSX: OGI), who reported a record-setting Fiscal 2025. CFO Greg Guyatt joins us to walk through what’s driving the numbers, how margins expanded, and why international growth is starting to matter more heading into 2026.From there, the focus shifts to Washington.Trent Woloveck of Jushi Holdings (OTCQX: JUSHF) logs back on to unpack what’s actually happening around cannabis rescheduling after recent Senate discussions — and why rescheduling alone doesn’t solve the industry’s biggest structural problem: banking.Plus we will tackle the growing tension lawmakers are openly acknowledging. Even if cannabis moves to Schedule III, access to banking remains unresolved. Senators from both parties continue to flag public safety risks tied to cash-heavy businesses, while momentum around the SAFER Banking Act remains stalled.#CannabisStocks #CannabisRescheduling #SAFEbanking #CannabisInvesting #Organigram #JushiHoldings #CannabisPolicy #WeedStocks #CannabisNews #TDRTradeToBlackWant to see more Cannabis Reform videos? • Why Trump’s Cannabis Language Is Getting S... • CRS Warns Federal Hemp Ban Hard to Enforce... • Why Cannabis Messaging Needs a Reset | TDR... 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 cannabis rescheduling actually the market moment investors think it is — or is the real story what happens after the announcement?In this episode of TDR Cannabis in Five, host Shadd Dales shifts the focus away from headlines and toward something more practical: the economics of cannabis rescheduling.The policy conversation around cannabis has clearly moved out of the background and into the spotlight. But as this episode explains, policy alone doesn’t move markets — capital does. And the way money positions itself after a major regulatory signal often looks very different from what most people expect in the moment.Instead of chasing hype, this breakdown looks at how markets typically respond when a long-restricted sector suddenly gains legitimacy. From early positioning and improving liquidity to widening access and sustained attention, the episode explains why the first moves are often subtle — and why that matters.The discussion also digs into who can actually participate once rescheduling changes the risk profile of the sector. Canadian institutions, family offices, and retail platforms don’t all move at the same time — but rescheduling changes who’s allowed to show up, and when.Finally, the episode connects the dots between recent price action and capital behavior. Rather than emotional spikes or blow-off tops, the market has shown controlled movement — a pattern often associated with early positioning ahead of a major catalyst.#CannabisRescheduling #CannabisStocks #CannabisInvesting #MSOS #WeedStocks#CannabisPolicy #CapitalMarkets #MarketStructure #TDRCannabisInFive #CannabisEconomicsWant to see more Cannabis Reform videos? • Why Trump’s Cannabis Language Is Getting S... • CRS Warns Federal Hemp Ban Hard to Enforce... • Why Cannabis Messaging Needs a Reset | TDR... 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 cannabis rescheduling moving closer to reality — and why does the President’s language suddenly matter so much?On this episode of TDR Cannabis in Five, host Shadd Dales breaks down why the conversation around cannabis rescheduling has shifted from quiet agency review to front-page political territory. What was once procedural background noise is now being discussed openly by President Donald Trump, with noticeably stronger language than just weeks ago.Back on August 11, the President described cannabis rescheduling as “something we’re reviewing.” This week, that wording changed to “very strongly considering.” That shift may sound subtle — but in Washington, language like this often signals movement behind the scenes.The episode explains why this moment feels different from past reform rumors, why markets are reacting to probability rather than policy details, and why visibility matters as much as substance. As cannabis reform becomes a topic the President is repeatedly asked about in public, it increasingly moves from bureaucratic review into political decision-making territory.Rather than re-explaining what rescheduling is, this breakdown focuses on momentum, timing, and what signals investors, operators, and policymakers are actually watching next.#CannabisRescheduling #CannabisPolicy #DonaldTrump #CannabisReform #CannabisStocks #TDRCannabisInFive #FederalCannabis #ScheduleIII #CannabisInvesting #USPoliticsWant to see last week's recap? • Trump Puts Cannabis Rescheduling Back in F... Want to see more Cannabis Reform videos? • Why Big Pharma Isn’t Taking Over Cannabis ... • CRS Warns Federal Hemp Ban Hard to Enforce... • Why Cannabis Messaging Needs a Reset | TDR... 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...
Now to today’s question: Does moving cannabis to Schedule III hand control of the industry to Big Pharma?That concern has been circulating widely, but this episode of TDR Cannabis in Five walks through why the fear doesn’t line up with how U.S. law actually works. The breakdown is based on analysis from Kyle Sherman of Flowhub, who lays out where the confusion starts — and why it keeps spreading.The core issue, as Sherman explains, is that three separate legal systems are often treated as one: the Controlled Substances Act, the FDA drug approval process, and state cannabis regulation. While these systems interact, they operate independently. Blurring them together is what fuels the takeover narrative.The episode explains what Schedule III does — and just as importantly, what it does not do. Rescheduling acknowledges medical use at the federal level and lowers regulatory friction, but it does not federalize state cannabis markets, require pharmacy-only sales, or place dispensaries under FDA control.The discussion also covers why state cannabis programs have operated for years under federal enforcement discretion, why FDA authority applies to drugs rather than cannabis broadly, and why any true shift toward a pharmaceutical-only model would require explicit action from Congress.The takeaway is straightforward: Schedule III is a classification update, not a handoff. It opens optional pathways for research and tax relief while leaving state systems intact.#CannabisRescheduling #ScheduleIII #CannabisPolicy #CannabisIndustry #280ETax #StateCannabis #FederalCannabisLaw #BigPharmaMyth #Flowhub #TDRCannabisInFiveWant to see last week's recap? • Trump Puts Cannabis Rescheduling Back in F... Want to see more Cannabis Reform videos? • CRS Warns Federal Hemp Ban Hard to Enforce... • Why Cannabis Messaging Needs a Reset | TDR... • What Cannabis Rescheduling Actually Means ... • Texas Tightens Hemp Rules as Med Program E... 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...
TDR Trade to Black, presented by Dutchie, and the conversation around cannabis reform has evolved quickly since Friday.Michael Bronstein returns to the show to share the latest signals coming out of Washington after reports surfaced late last week that President Donald Trump is considering an executive action to move cannabis from Schedule I to Schedule III. With a full weekend of political reaction now on the record, the question is what’s changed — and what hasn’t.The panel breaks down two new developments first reported by Marijuana Moment. In one, a U.S. senator dismisses the rescheduling effort as political positioning, while Democrats push again for full federal legalization. In another, the U.S. Supreme Court declines to hear a challenge from marijuana companies seeking to overturn federal prohibition — keeping the existing legal framework firmly in place for now.This episode isn’t about predictions. It’s about context, timing, and understanding where cannabis reform really stands as the week begins.#CannabisNews #CannabisRescheduling #ScheduleIII #CannabisPolicy #FederalCannabis #TradeToBlack #CannabisIndustry #MarijuanaMoment #CannabisInvesting #USPoliticsWant to see last week's recap?https://youtu.be/5hEud9Br7vEWant to see more Cannabis Reform videos?https://youtu.be/UgLfdefB5xchttps://youtu.be/Cem39k3lsbMhttps://youtu.be/ZbEt2WWFatIhttps://youtu.be/5914RfJ6jYMWant 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: https://www.facebook.com/TheDalesReportTwitter: https://twitter.com/TheDalesReportInstagram: https://www.instagram.com/dalesreportLinkedIn: https://www.linkedin.com/company/the-...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...
Does Congress’ new hemp ban actually have the teeth to be enforced nationwide?That’s the big question today on TDR Cannabis in Five, after a sweeping federal change — first reported by Marijuana Moment — officially redefines hemp and places most intoxicating cannabinoids under prohibition again.A new Congressional Research Service report says federal agencies may not have the resources or strategy to consistently enforce the ban. That means states could end up taking completely different approaches, creating a patchwork of rules for manufacturers, retailers, and consumers.We break down what changed, what the CRS report warns about, and why the next 12 months could bring a lot of uncertainty for the hemp and cannabis economy.The takeaway: this ban may look clear on paper, but how it plays out will depend heavily on state-level enforcement and how operators respond.#HempBan #FederalHempPolicy #CannabisNews #TDRCannabisInFive #HempIndustry #THCBan #CannabinoidRegulation #HempUpdate #CannabisPolicy #ShaddDalesWant to see more Cannabis Reform videos? • Why Cannabis Messaging Needs a Reset | TDR... • What Cannabis Rescheduling Actually Means ... • Texas Tightens Hemp Rules as Med Program E... 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...
This week’s TDR Trade to Black Weekly Recap, presented by Dutchie, covers a moment that feels like a real inflection point for the cannabis industry.At the top of the list is new reporting from The Washington Post and CNBC showing the Trump administration is actively moving toward rescheduling cannabis at the federal level. Internal discussions are focused on Schedule III — a shift that wouldn’t legalize cannabis outright, but would eliminate IRS 280E, expand federally regulated research, and materially change how U.S. cannabis companies operate and report earnings. It’s the biggest federal policy signal the industry has seen in decades.Beyond Washington, the recap hits several other stories that matter. Pennsylvania’s adult-use debate remains stuck in the Senate, while Kentucky is finally rolling out its long-awaited medical cannabis program. We also break down new federally funded research published by the American Medical Association showing medical cannabis patients reduced opioid use over time — another data point that’s getting harder for policymakers to ignore.On the business side, Trulieve Cannabis Corp. (CSE: TRUL | OTCQX: TCNNF) raised US$100 million to support expansion, while High Tide Inc. (Nasdaq: HITI | TSXV: HITI) pushed its retail footprint to 218 stores. LEEF Brands Inc. (CSE: LEEF | OTCQB: LEEEF) cleaned up most of its long-term debt, and Cronos Group Inc. (NASDAQ: CRON | TSX: CRON) made a bold move into Europe through the Netherlands’ regulated adult-use pilot. We also cover growth plans from Grown Rogue International Inc. (CSE: GRIN | OTC: GRUSF) and a new social-equity partnership from Ascend Wellness Holdings (CSE: AAWH.U | OTCQX: AAWH).Hosted by Shadd Dales, this week’s recap connects the dots between federal momentum, state-level action, medical research, and how companies are positioning for what could be a very different cannabis landscape heading into 2026.#TradeToBlack #CannabisNews #CannabisRescheduling #CannabisPolicy #CannabisStocks #FederalReform #MedicalCannabis #CannabisIndustry #CannabisStocks #DutchieWant to see more Cannabis Reform videos? • Why Cannabis Messaging Needs a Reset | TDR... • What Cannabis Rescheduling Actually Means ... • Texas Tightens Hemp Rules as Med Program E... 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...