The Dales Report | Trade to Black

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down a new NuggMD poll asking whether Americans believe the Trump administration will complete federal cannabis rescheduling before the end of the year. At first glance, the poll looks pretty straightforward. Fifty-two percent of respondents don’t think rescheduling gets done this year, while 48% believe it will. But...

In our latest Trade To Black presented by Flowhub, hosts Shadd Dales and Anthony Varrell welcome back Adam Stettner, CEO of FundCanna, for his weekly appearance as several new cannabis policy stories continue to develop across the United States. First topic is about Virginia, where lawmakers are working to address concerns after recent legislation may have unintentionally repealed certain marijuan...

n our latest TDR Cannabis in Five, host Shadd Dales looks at what comes after the DEA’s Administrative Law Judge hearing and why the next major developments could come from the U.S. Treasury. As the ALJ hearing moves toward its conclusion, attention is beginning to shift from the courtroom to federal agencies responsible for implementing cannabis policy. One of the biggest questions is how Treasur...

In our latest Trade To Black presented by Flowhub, hosts Shadd Dales and Anthony Varrell cover two stories that highlight the cannabis industry facing big changes. First, Omar Khan, Chief Communications & Public Affairs Officer from High Tide (NASDAQ: HITI), joins us to discuss Ontario’s new rules that now hold landlords accountable if they knowingly lease commercial properties to illegal cann...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales recaps one of the most anticipated days of the DEA’s Administrative Law Judge hearing as Smart Approaches to Marijuana (SAM) presented its case against federal cannabis rescheduling. Shadd breaks down the testimony from Dr. Bertha Madras, a longtime DEA witness and Harvard psychobiology professor, and explains why much of Mo...

In today’s Trade To Black podcast presented by Flowhub, Shadd Dales and Anthony Varrell react to fresh movement out of Washington after the American Bankers Association sent a letter to House and Senate leaders urging them to pass SAFER Banking. We’ve seen letters like this before, but this one lands at a moment where the cannabis industry is on the cusp of major reform with the ongoing ALJ hearin...

In our latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell bring you inside the most consequential week in federal cannabis policy — live from the front lines. First, Gretchen Gailey joins the show live from Arlington, Virginia, where the DEA Administrative Law Judge hearing continues with Smart Approaches to Marijuana (SAM) presenting its testimony today. Gre...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down one of the biggest takeaways from this week’s DEA Administrative Law Judge hearing: the federal conversation around cannabis is becoming much more focused on medicine. For the first time during the hearing, the FDA publicly acknowledged under oath that cannabis has accepted medical uses while also comparing its s...

In our latest Trade To Black Weekly Recap by FRE, host Shadd Dales breaks down one of the busiest weeks across cannabis and psychedelics. The first week of the DEA’s Administrative Law Judge hearing is now complete, and the federal government spent the week defending the scientific and legal basis for moving the broader cannabis plant to Schedule III. Shadd recaps the biggest moments from Arlingto...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales marks America’s 250th birthday by looking at how cannabis has been part of the country’s story for centuries — and why today’s reform efforts feel especially timely. Long before prohibition, hemp was an important part of the American economy. Cannabis-based medicines were once sold in pharmacies across the country before dec...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales recaps the biggest themes to emerge from this week’s DEA Administrative Law Judge hearing and explains why many investors are beginning to focus on what the process could mean as it moves toward its conclusion. Rather than reacting to individual headlines, the episode looks at the structure of the hearing itself, the role of...

In the latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell close out the week on a strong note featuring top executives in the cannabis industry. First up, TerrAscend (TSX: TSND | OTCQX: TSNDF) Executive Chairman Jason Wild and CEO Ziad Ghanem join the show to walk through what’s been happening on their side of the business. TerrAscend announced this week that...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales looks at new reporting from The Marijuana Herald that House Speaker Mike Johnson will not block a vote on cannabis banking reform if there is enough Republican support to move the legislation forward. The episode breaks down what was reported, why the Speaker’s position matters procedurally, and what would still need to happ...

In our latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell sit down with Kyle Sherman, Founder & CEO of Flowhub, for a wide‑open conversation about how AI is about to change the cannabis industry. AI is everywhere right now, but the real question is what’s actually useful and what’s just noise. Kyle shares how operators are using AI today, how comfort leve...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down a significant development for the U.S. cannabis industry after Marijuana Moment first reported that Virginia lawmakers have given final approval to adult-use cannabis sales through the state’s budget. The decision marks the next step in Virginia’s legalization journey after years of delays, vetoes, and legislativ...

In our latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell continue their coverage of the Administrative Law Judge hearing taking place in Arlington, Virginia. WWith Day Two underway, we outline the feedback coming from inside the courthouse and the themes emerging as testimony continues. First stop, Eric Berlin from Dentons joins us. He’s one of the most resp...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down the biggest takeaways from Day One of the DEA’s Administrative Law Judge hearing on cannabis rescheduling. While many investors were expecting fireworks, the first day was really about setting the framework for everything that follows. The hearing offered important clues about how the ALJ intends to manage the pr...

On today’s Trade To Black presented by FlowHub, Shadd Dales and Anthony Varrell kick things off with a couple of stories that set the tone for a busy week. First, they react to Trulieve (NYSE: TRLV) CEO Kim Rivers’ update — she’s officially terminated the Automatic Securities Disposition Plan she put in place back in March. The plan became public right after Trulieve began trading on the New York...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down what Trulieve’s (NYSE: TRLV) historic move to the New York Stock Exchange actually means for the cannabis industry—and why investors should be looking beyond the headlines. The uplisting marked a major milestone as Trulieve became the first U.S. plant-touching cannabis operator to trade on the NYSE. But the story...

In our latest Trade To Black Weekly Recap presented by Flowhub, host Shadd Dales breaks down one of the biggest weeks we’ve seen for both the cannabis and psychedelic sectors. The spotlight now shifts to Arlington, Virginia, where the DEA’s Administrative Law Judge hearing on cannabis rescheduling gets underway. Shadd explains why the witness list has generated so much discussion, why only opponen...

In our latest Trade To Black presented by Flowhub, hosts Shadd Dales and Anthony Varrell hit the road to Santa Barbara County, California for an on-location look at the Salisbury Ranch, the massive outdoor cannabis cultivation site operated by LEEF Brands (OTCQB: LEEEF).This is not your typical indoor or greenhouse tour. Shadd and Anthony walk the property with LEEF Brands CEO Micah Anderson, gett...

In this episode of the Trade To Black Podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell explore two major developments shaping U.S. cannabis finance. We begin with Terry Mendez, CEO of Safe Harbor Financial (NASDAQ: SHFS), who joins us after the Benzinga Capital Conference in Chicago. Terry shares why institutional banks are quietly preparing for future cannabis exposure and what...

In this episode of the Trade To Black Podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell explore two major developments shaping U.S. cannabis finance. We begin with Terry Mendez, CEO of Safe Harbor Financial (NASDAQ: SHFS), who joins us after the Benzinga Capital Conference in Chicago. Terry shares why institutional banks are quietly preparing for future cannabis exposure and what...

In our latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell break down a major story in the hemp industry that's materialized in the last 24 hours. First though, Segment #1, Adam Stettner, CEO of FundCanna, joins us fresh off last week’s Chicago conference. While the sentiment on the floor was overwhelmingly positive, Adam pushed operators with a tougher qu...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down new reporting from Marijuana Moment after the full witness list was released for the DEA’s upcoming Administrative Law Judge hearing on cannabis rescheduling. One question immediately started circulating across social media: Outside of SAM, who are these groups? Shadd walks through each organization expected to t...