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In this episode of TDR Trade to Black, the conversation turns global as the team sits down with Advanced Nutrients founder “Big Mike” to break down what’s really happening across Europe’s fast-moving cannabis market.After spending six weeks on the ground overseas and closing roughly $12 million in new business, Big Mike shares first-hand insight into why Europe — especially Germany and Spain — is becoming the next major battleground for cannabis growth. While many North American operators talk about exporting into Europe, this discussion flips the lens to something less discussed: European companies preparing to enter the U.S. market with serious capital and long-term plans.The episode digs into why Germany’s medical framework is accelerating faster than expected, how conservative rollout strategies are unintentionally extending the black market, and why data-driven cultivation is separating winners from everyone else. Big Mike also explains why growers who treat cannabis like a real manufacturing business — not a side hustle — are the ones surviving.Beyond Europe, the discussion touches on U.S. reform momentum, rescheduling expectations, the growing overlap between cannabis, pharma, alcohol, and hemp, and why operational discipline matters more now than hype ever did.#CannabisEurope #GermanyCannabis #GlobalCannabis #CannabisInvesting #CannabisReform #InternationalMarkets #CannabisIndustry #MedicalCannabis #CannabisBusiness #TradeToBlackWant to see more Cannabis Reform videos?🎬    • Virginia Is Finally Getting Serious About ...  🎬    • Why Washington Still Bans Homegrown Cannab...  🎬    • Who’s Trying to Undo Legal Cannabis? | TDR...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

In the latest episode of TDR Cannabis in Five, presented by FREpouch.com, host Shadd Dales breaks down a major development in Virginia cannabis reform that could finally unlock legal adult-use marijuana sales in the state.Virginia lawmakers are advancing two significant cannabis bills that would establish a regulated retail market while also providing resentencing relief for individuals with prior cannabis convictions. While possession and home cultivation have been legal since 2021, Virginia has remained stuck without legal sales — a situation largely driven by repeated vetoes from former Governor Glenn Youngkin. That limbo may finally be coming to an end.The first bill would create a fully regulated adult-use cannabis marketplace, outlining licensing, oversight, testing, and enforcement under the Virginia Cannabis Control Authority. The second bill addresses criminal justice reform, allowing people with past marijuana convictions to seek sentence reductions now that cannabis possession is legal.Timing remains a key issue. The House proposal targets November 1, 2026 for legal sales, while the Senate version points to January 1, 2027. While those timelines still need to be reconciled, the momentum marks the most serious push toward legalization Virginia has seen in years.From an industry perspective, Virginia represents a major East Coast opportunity with regional ripple effects for operators, investors, and policymakers. While the legislation still faces additional votes and hurdles, the tone in Richmond has shifted from ideology to execution — signaling that this time, legalization may actually move forward.#VirginiaCannabis #CannabisLegalization #WeedReform #AdultUseCannabis #CannabisPolicy #EastCoastCannabis #CannabisIndustry #TDRCannabis #ShaddDales #CannabisNewsWant to see more Cannabis Reform videos?🎬    • Why Washington Still Bans Homegrown Cannab...  🎬    • Who’s Trying to Undo Legal Cannabis? | TDR...  🎬    • Why Giving Trump a Cannabis License Could ...  🎬    • What Matt Gaetz’s Tweet Really Means for C...  🎬    • Why Trump’s Team Is Highlighting Cannabis ...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

Ever wonder how the CBD model actually works once cannabis rescheduling is implemented? Or how real-world medical evidence is finally starting to tell a clearer story around cannabinoids? And finally, what might be one of the biggest earnings prints yet from a major cannabis company — who is it, and why does it matter?We’re covering all of this in today’s episode.Segment One: Pulak Sharma, co-founder and CEO of Kazmira Therapeutics, will join us to break down how CBD coverage, prescribing, and delivery could realistically take shape in a post-rescheduling environment. We’ll also dig into Kazmira’s January 20 press release announcing the launch of the first cannabis-grade dispensary in Colorado, and what that signals about where pharmaceutical-grade cannabinoid distribution is heading in the U.S.Segment Two: High Tide (TSX: HITI | NASDAQ: HITI) CEO Raj Grover joins us following what may be the strongest earnings report in the company’s history — record revenue, positive free cash flow, expanding margins, and a loyalty-driven retail model showing real operating leverage.Policy. Proof. Performance.All in one episode.#TradeToBlack #CannabisInvesting #CBDPolicy#MedicalCannabis #CannabisNews #CannabisStocks#EarningsSeason #CannabisIndustry#CannabisReform #FlowhubWant to see more Cannabis Reform videos?🎬    • Why Washington Still Bans Homegrown Cannab...  🎬    • Who’s Trying to Undo Legal Cannabis? | TDR...  🎬    • Why Giving Trump a Cannabis License Could ...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

For more than a decade, Washington State has had legal recreational cannabis — but here’s the part that’s always felt backwards: adults still aren’t allowed to grow a few plants at home.That’s the issue back on the table right now in Olympia.In this episode of TDR Cannabis in Five, we break down Senate Bill 6204, a renewed effort to finally legalize limited home cultivation for adults 21 and over. If it passes, Washington residents could grow a small number of plants at home — something that’s already normal in most other legal cannabis states.So why has Washington dragged its feet for so long?The episode walks through what the bill actually says, why advocates believe home grow is about fairness (and not killing retail), and why critics — especially police groups and city officials — continue to push back. It also addresses a big misconception: letting people grow a few plants doesn’t suddenly turn everyone into a commercial grower. Most consumers still buy from licensed stores because it’s easier, faster, and more consistent.What makes this debate interesting is timing. Washington legalized early, but parts of its cannabis framework never really caught up with voter expectations. Meanwhile, neighboring states moved on years ago.#WashingtonCannabis #HomeGrow #CannabisReform #WeedPolicy #LegalWeed #CannabisNews #MarijuanaLaws #CannabisIndustry #TDRCannabis #ShaddDales #Cannabis News Want to see more Cannabis Reform videos?🎬    • Who’s Trying to Undo Legal Cannabis? | TDR...  🎬    • Why Giving Trump a Cannabis License Could ...  🎬    • What Matt Gaetz’s Tweet Really Means for C...  🎬    • Why Trump’s Team Is Highlighting Cannabis ...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

In this episode of TDR Cannabis in Five, presented by Flowhub, host Shadd Dales breaks down a controversial campaign that has reignited debate across the U.S. cannabis industry.The episode focuses on Smart Approaches to Marijuana (SAM) and its political arm, SAM Action, following reports that the group provided more than $1.5 million to support a Massachusetts ballot initiative aimed at ending adult-use cannabis sales. The proposal would target a legal market approved by voters in 2016 and now responsible for more than $1 billion annually in regulated sales.Industry advocates argue that many voters signing the petitions may not have been fully informed about the measure’s true impact, raising concerns about ballot language, signature-gathering tactics, and public messaging. State officials are now reviewing aspects of the campaign as scrutiny grows.The episode also addresses a broader misconception circulating in the cannabis space — that adult-use legalization programs can be easily or quickly reversed. In reality, dismantling a voter-approved cannabis market requires extensive legal, legislative, and electoral hurdles, making sudden rollbacks highly unlikely.Beyond Massachusetts, the discussion highlights similar efforts reported in other states, prompting questions about whether well-funded national groups are attempting to reopen debates that voters have already settled.#CannabisReform #AdultUseCannabis #MarijuanaPolicy #CannabisPolitics#SmartApproachesToMarijuana #CannabisIndustry #BallotInitiatives#CannabisInvestors #StateLegalization #TDRCannabisWant to see last week's recap?🎬    • Canadian Cannabis Stocks Take Center Stage...  Want to see more Cannabis Reform videos?🎬    • Why Giving Trump a Cannabis License Could ...  🎬    • What Matt Gaetz’s Tweet Really Means for C...  🎬    • Why Trump’s Team Is Highlighting Cannabis ...  🎬    • Alcohol Rules Change While Cannabis Stays ...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

On the latest episode of TDR Trade to Black, presented by Flowhub, hosts Shadd Dales and Anthony Varrell walk through a week where cannabis law, politics, and market pressure all start overlapping.Joining the show is Jacob Raver, Senior Managing Associate at Dentons, who has been following the NRA-related Supreme Court case involving gun ownership and medical marijuana for quite some time. The case centers on whether cannabis consumers can legally be barred from owning firearms. In a rare alignment, the NRA has joined cannabis advocacy groups in pushing back against that restriction. Raver explains what the Court is being asked to decide, how federal law runs into state cannabis programs, and why the outcome could have wider implications beyond just gun rights.The conversation also references ongoing legal commentary from Eric Berlin, a cannabis attorney at Dentons, who has previously discussed how these Second Amendment cases fit into the broader federal cannabis framework.The episode then turns to renewed attention around Epstein-related court documents that mention former U.S. Attorney General Bill Barr. No conclusions are drawn, but the discussion focuses on why optics and credibility matter — particularly as Barr remains connected to legal efforts opposing cannabis rescheduling.The show also covers bipartisan signals out of Texas, where lawmakers are increasingly talking about regulating hemp-derived THC instead of banning it outright, acknowledging how large the market has become.In Florida, the hosts break down why the latest adult-use legalization initiative failed to qualify for the November ballot.The episode wraps with an update on The Cannabist Company, which has entered into a forbearance agreement with senior secured noteholders, highlighting the financial pressure still facing parts of the sector.Straightforward conversation. No spin. Just what’s happening.Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

Shadd Dales and Anthony Varrell sit down with James Yamanaka, the newly appointed CEO of Organigram Holdings Inc. (NASDAQ: OGI | TSX: OGI), for his first extended conversation since taking the role.After a lengthy executive search, Organigram’s leadership change arrives at an important moment for the Canadian cannabis market. Margin pressure, pricing competition, and slower category growth have shifted the industry away from expansion at any cost and toward operational discipline and cash generation. In this discussion, Yamanaka explains how he views the business he has stepped into — one he describes as operationally strong, highly complex, and capable of performing in an unpredictable environment.The conversation focuses on Organigram’s execution in Canada, where consistency, SKU rationalization, and margin improvement are now central priorities. Yamanaka also outlines how management is thinking about international opportunities and exports, emphasizing the need for optionality without overcommitting capital in markets where regulations remain unsettled.Shadd and Anthony discuss how Yamanaka’s background in large, regulated consumer industries influences his leadership style, particularly his emphasis on data, predictability, and credibility with investors. Topics include the evolution of product mix beyond flower, balancing innovation with operational simplicity, and what realistic success looks like for Organigram over the next 12 to 24 months.#Organigram #CanadianCannabis #CannabisStocks #CannabisInvesting #TradeToBlack #CannabisEarnings #CannabisMarkets #Cannabis2026 #cannabisindustry Want to see last week's recap?🎬    • Canadian Cannabis Stocks Take Center Stage...  Want to see more Cannabis Reform videos?🎬    • Why Giving Trump a Cannabis License Could ...  🎬    • What Matt Gaetz’s Tweet Really Means for C...  🎬    • Why Trump’s Team Is Highlighting Cannabis ...  🎬    • Alcohol Rules Change While Cannabis Stays ...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

In the latest TDR Trade to Black Weekly Recap, presented by Flowhub, host Shadd Dales breaks down a pivotal week for the cannabis sector, with Canada firmly in the spotlight and capital markets showing renewed selectivity across North America.The episode begins with a detailed look at High Tide (NASDAQ: HITI | CSE: HITI), which closed fiscal 2025 with record revenue, expanding retail margins, and positive free cash flow. The company’s loyalty-driven retail model and growing international exposure through Germany continue to separate it from peers in a competitive Canadian landscape.Attention then turns to Cannara Biotech (TSX-V: LOVE), which delivered one of the cleanest quarters in the sector, marked by strong margin expansion, internally funded growth, and disciplined production scaling in Québec.On the biotech front, Cardiol Therapeutics (NASDAQ: CRDL | TSX: CRDL) announced a $14.85 million financing, extending its runway as it advances late-stage cardiovascular clinical programs. The raise is positioned as a strategic funding step rather than a balance-sheet rescue.The episode also covers Trulieve Cannabis (CSE: TRUL | OTCQX: TCNNF), which successfully completed a $200 million senior secured debt raise, signaling improving access to institutional credit for high-quality U.S. operators.Additional highlights include Glass House Brands (OTCQX: GLASF) adding a senior executive from Heineken USA to its board, Nextleaf Solutions (CSE: OILS | OTCQB: OILFF) delivering a sharp operational turnaround, and a cultural milestone as Chicago’s United Center begins selling THC beverages at live events.The recap closes with an update on federal reform speculation following comments from former Congressman Matt Gaetz, with a reminder that formal rulemaking — not headlines — will ultimately define the outcome.#CannabisStocks #CannabisInvesting #HighTide #CannaraBiotech #Trulieve #GlassHouseBrands #CanadianCannabis #CannabisReform #CannabisRetail #TradeToBlack☑️ Subscribe for more videos using this link:   / @thedalesreport  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

In this episode of TDR Cannabis in Five, presented by Flowhub, host Shadd Dales breaks down a comment circulating in Washington and explains why it matters more than it might seem at first glance.The conversation follows President Donald Trump’s December 18, 2025 executive order directing federal agencies to move forward with cannabis rescheduling. With that process now active, Senator Kirsten Gillibrand’s recent remark — suggesting that granting President Trump a cannabis business license could further align him with reform — sparked immediate reactions across politics and the cannabis industry.The comment wasn’t a formal proposal. It wasn’t policy. But the timing is what gives it weight.It comes under a sitting administration that has already taken executive action on cannabis, during a rescheduling process that is no longer theoretical. That context shifts the discussion away from political chatter and toward how reform actually advances inside government.The episode walks through how major policy changes rarely move on ideology alone. Across industries like energy, pharmaceuticals, and technology, reforms accelerate when incentives align. Once decision-makers have direct economic exposure, priorities shift from debate to execution.Shadd also explains what a cannabis license really represents today — market access, regulatory protection, revenue opportunity, and long-term enterprise value. While federal cannabis licenses don’t yet exist, state-level licenses already function as meaningful economic assets that influence how federal reform is approached.The real takeaway isn’t whether this specific idea ever becomes reality. It’s why conversations like this are happening now.#CannabisReform #TrumpCannabis#FederalRescheduling #CannabisPolicy #CannabisInvesting#USCannabis #DOJRescheduling#Flowhub #TDRCannabis#CannabisIndustry☑️ Subscribe for more videos using this link:   / @thedalesreport  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

In this week’s TDR Cannabis in Five Weekly International Update, presented by Prohibition Partners, host Shadd Dales breaks down several important developments shaping the European cannabis market — and why they matter heading into 2026.The episode starts with a look at how Europe’s medical cannabis model is evolving. While dried flower still dominates established markets like Germany and the UK, upcoming national frameworks in France and Spain point in a very different direction. Regulators are increasingly favouring oils, extracts, and device-based delivery systems that meet pharmaceutical standards. That shift has major implications for which companies are positioned to compete — and which ones are not.The update then turns to a growing issue regulators can no longer ignore: THC roadside testing. Several European countries continue using saliva-based tests that detect THC long after impairment has passed. With thresholds varying widely by country, patients and consumers face inconsistent enforcement and legal uncertainty, especially when crossing borders. As medical cannabis adoption grows, pressure is building for governments to rethink how impairment is measured.The episode also covers Europe’s tightening stance on intoxicating hemp-derived cannabinoids. Regulators are moving aggressively to close loopholes around products like THC-A and Delta-8, adopting total THC rules and coordinated enforcement to prevent the hemp sector from undermining medical and wellness frameworks.The broader message is clear. Europe isn’t pulling back from cannabis — it’s raising the bar. Medical markets are becoming more clinical, enforcement is catching up, and compliance is becoming just as important as scale.#EuropeanCannabis #MedicalCannabisEurope #CannabisPolicy #GlobalCannabis #HempRegulation #THCTesting #CannabisInvesting #ProhibitionPartners #TDRCannabis #InternationalCannabisWant to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

In our latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell welcome back Anthony Coniglio, CEO of NewLake Capital (OTCQB: NLCP), for a timely discussion on the latest cannabis rescheduling rumors and what they mean for investors right now.We begin with a recent tweet from the Chief Editor of Marijuana Herald that reignited speculation around the DOJ and DEA timeline following President Trump’s December 18 executive order. At the same time, the Department of Justice says it has “no updates” more than a month later — a gap that continues to fuel uncertainty across the cannabis sector.From there, we break down how cannabis stocks initially surged after the executive order, only to be hit by what we’ve discussed before as an orchestrated, industry-wide short attack. Now, six weeks later, the impact is still visible. Volatility remains elevated, sentiment is fragile, and many investors are clearly still rattled by how quickly that move unfolded — making this cycle feel very different from past reform-driven rallies.We also take a closer look at NewLake Capital’s 28% share price increase in December, backed by heavy trading volume. Anthony explains what drove that move, how investors are positioning around reform, and why balance sheet strength matters more than ever.Finally, we cover the latest developments out of Pennsylvania, where momentum continues to build toward potential adult-use cannabis legalization in 2026 — and why many companies are already preparing behind the scenes.Log on and leave your comments and don't forget to like and subscribe!Here are the same timestamps with shorter titles:---Want an even more compressed version with only the rescheduling/DOJ/hemp-policy related segments?#CannabisStocks #CannabisRescheduling #TradeToBlack#CannabisInvesting #CannabisNews #NLCP #CannabisPolicy#USCannabis #Flowhub #CannabisMarketsWant to see more Cannabis Reform videos?Want to see more Cannabis Reform videos?🎬   • What Matt Gaetz’s Tweet Really Means for C...  🎬   • Why Trump’s Team Is Highlighting Cannabis ...  🎬   • Alcohol Rules Change While Cannabis Stays ...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅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, contact:[email protected] 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 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 made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

Former Congressman Matt Gaetz just set off a bomb today in the cannabis industry. Gaetz tweeted out that the DEA is drafting a rule to reschedule cannabis, and are moving it ASAP.Is there some truth to this?In our latest Trade to Black podcast, presented by Flowhub, host Shadd Dales and Anthony Varrell will break down this this announcement, along with several other key developments in the cannabis industry.We start in Virginia, where lawmakers have approved legislation to legalize regulated adult-use cannabis sales. The bill outlines a framework for retail licensing, possession limits, and state oversight, signaling renewed momentum after years of stalled implementation. If finalized, Virginia would move from partial legalization into a fully functioning adult-use market.Next, we look at Hawaii, where a state-commissioned report estimates that legalizing adult-use cannabis could generate roughly $90 million in monthly sales, with tourism expected to play a significant — though complex — role. The findings highlight both economic opportunity and regulatory challenges unique to island markets.We then shift to a major cultural signal: the largest entertainment arena in the U.S. partnering with cannabis businesses to sell THC beverages at concerts and sporting events. This move reflects broader consumer trends toward alcohol alternatives and represents another step toward mainstream cannabis normalization.On the corporate side, Vireo Growth Inc. (CSE: VREO) announced a non-binding memorandum of understanding to acquire The Hawthorne Gardening Company from Scotts Miracle-Gro. The potential transaction could reshape Vireo’s footprint in cultivation inputs and deepen vertical integration opportunities.Log on now and leave your comments!#TradeToBlack #CannabisIndustry #CannabisPolicy#AdultUseCannabis #THCDrinks #CannabisInvesting#CannabisNews #Flowhub #CannabisMarkets #CannabisReformWant to see more Cannabis Reform videos?   • What Cannabis Going Mainstream Actually Lo...     • Why Trump’s Team Is Highlighting Cannabis ...     • Alcohol Rules Change While Cannabis Stays ...  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:[email protected] 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 going mainstream actually look like in real time?In this episode of TDR Cannabis in Five, presented by Flowhub, we look at one of the clearest cultural and commercial signals yet: the largest entertainment arena in the United States has approved the sale of hemp-derived THC beverages at concerts and live events.The United Center in Chicago — home to the Chicago Bulls, Chicago Blackhawks, and some of the biggest live tours in the world — will now allow adults 21 and over to purchase low-dose THC drinks inside the venue. This is not a niche activation or a quiet pilot. It’s one of the most recognizable entertainment spaces in North America integrating cannabinoid beverages directly into the live event experience.That matters.For decades, cannabis products have been confined to dispensaries, private settings, or limited social environments. Alcohol, by contrast, has long been embedded into concerts, sporting events, and public celebrations. This move signals a shift toward normalization — where cannabis becomes a regulated, adult choice alongside traditional beverages.We break down why this development is significant, how it fits into broader consumer trends around alcohol alternatives, and why large venues embracing THC beverages could accelerate mainstream acceptance across entertainment, hospitality, and consumer packaged goods.Cannabis mainstreaming doesn’t happen overnight. It happens step by step — through partnerships, regulation, and cultural exposure. This is one of those steps worth paying attention to.#CannabisMainstream #THCDrinks#CannabisCulture #CannabisIndustry#Flowhub #TDRCannabis #HempTHC#CannabisVsAlcohol #CannabisNews#LiveEventsWant to see more Cannabis Reform videos?   • Why Trump’s Team Is Highlighting Cannabis ...     • Alcohol Rules Change While Cannabis Stays ...     • Proposed Hemp Extension Faces Ongoing Unce...     • The $4 Billion Problem Facing U.S. Cannabi...  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:[email protected] 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 actually has to happen before cannabis can be rescheduled at the federal level — and what should people be watching for right now?In this episode of TDR Cannabis in Five presented by Flowhub, host Shadd Dales walks through the real administrative process behind marijuana rescheduling, step by step, in the order it has to happen. There’s been plenty of debate and plenty of timeline talk, but the federal rulemaking process doesn’t move on assumptions — it moves on procedure.The episode breaks down the key milestones: the DEA’s internal review, the DEA’s recommendation package, the Attorney General’s role, and what it means when a Notice of Proposed Rulemaking (NPRM) gets signed. From there, it explains why publication in the Federal Register matters so much, and how the required public comment period becomes the next major checkpoint.The goal here is simple: help cannabis operators, investors, and policy watchers understand what each milestone actually means, what can and can’t happen next, and why certain steps can’t be skipped — even with executive branch pressure to move quickly.If you’re tracking rescheduling because of 280E, research rules, capital access, or broader market structure, this episode lays out the roadmap clearly so you can separate noise from process and watch the right signals as the year develops.#CannabisRescheduling #MarijuanaRescheduling #ScheduleIII #DEA #DOJ #FederalRegister #PamBondi #TrumpCannabis #CannabisPolicy #TDRCannabisInFiveWant to see last week's recap?   • Cannabis Rescheduling Still Waiting | TTB ...  Want to see more Cannabis Reform videos?   • Why Trump’s Team Is Highlighting Cannabis ...     • Alcohol Rules Change While Cannabis Stays ...     • Proposed Hemp Extension Faces Ongoing Unce...     • The $4 Billion Problem Facing U.S. Cannabi...  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:[email protected] 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 Trade To Black presented by Flowhub, hosts Shadd Dales and Anthony Varrell are joined by Michael Bronstein, President of ATACH, to break down what could be a key inflection point for U.S. cannabis and hemp policy.They dig into a bipartisan hemp bill introduced by Rep. Morgan Griffith and what it could mean for intoxicating hemp-derived products like Delta-8, Delta-10, THCA, and hemp-derived THC beverages. The discussion looks at how lawmakers are approaching regulation, consumer safety, enforcement, labelling, and potency limits — and whether Washington is finally moving toward clearer rules for the hemp market.The episode also looks at the ripple effects across the industry. How would tighter rules impact state-licensed cannabis operators, MSOs, CBD brands, and retailers? Where does this leave the balance between federally legal hemp and regulated cannabis, especially if enforcement starts to tighten?The conversation then shifts to Florida, with an update on signature collection for the state’s adult-use cannabis ballot initiative. The panel breaks down where the numbers stand, the political headwinds, and what still needs to happen for the measure to qualify for the ballot and win statewide.Plus, we shift to Florida: the latest on signature collection for Florida’s adult-use cannabis ballot initiative, what the numbers signal, the political headwinds, and what it will take to clear the threshold and win statewide.Log on and leave your comments. Do you think the hemp ban will be extended to 2028?#TradeToBlack #Flowhub #CannabisPolicy #HempRegulation#CannabisReform #Delta8 #THCA #CannabisStocks#FloridaCannabis #DEARescheduling #CannabisIndustryWant to see last week's recap?   • Cannabis Rescheduling Still Waiting | TTB ...  Want to see more Cannabis Reform videos?   • Why Trump’s Team Is Highlighting Cannabis ...     • Alcohol Rules Change While Cannabis Stays ...     • Proposed Hemp Extension Faces Ongoing Unce...     • The $4 Billion Problem Facing U.S. Cannabi...  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:[email protected] 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...