The Dales Report | Trade to Black

Did the Wall Street Journal’s big headline actually backfire? Is the Trump administration slowing down rescheduling on purpose? And now that the nationwide hemp ban is officially law, what does this mean for the future of cannabis regulation? This episode of TDR Cannabis in 5 presented by Dutchie breaks down the latest signals out of D.C., the industry missteps that may have irritated the administ...

What just happened in cannabis and hemp this week — and why does it feel like Washington hit “chaos mode” overnight? Did Congress really just re-criminalize an entire industry? And what does this mean for veterans, voters, operators, and your favorite brands on shelves right now? This episode of the TDR Weekly Recap presented by Dutchie breaks down the policy storm in D.C., the Senate’s biggest ca...

Did Congress just shut down the entire intoxicating hemp market? That’s the question circulating today after lawmakers officially moved ahead with a federal ban on all hemp-derived products containing any detectable THC. It’s one of the biggest policy shifts since the 2018 Farm Bill and it immediately reshapes the landscape for both hemp and cannabis operators. The TDR Cannabis in Five, presented...

Hemp just got hit with a nationwide ban on intoxicating products—so what does that actually mean for the future THC industry, and where does cultivation go from here? The TDR Trade To Black podcast, presented by Advanced Nutrients, brings hosts Shadd Dales and Anthony Varrell back together with Michael “BigMike” Straumietis, CEO and founder of Advanced Nutrients, for a full sit-down on where this...

Earnings season is almost wrapped — so what are these latest numbers actually telling us about the cannabis industry right now? On the latest Trade To Black Podcast, presented by Dutchie, we break down the newest earnings from Chicago Atlantic and Rubicon Organics, giving you the real story behind two very different corners of the market. In Segment 1, Anthony sits down with Peter Sack, Managing P...

Did Ted Cruz just become the unexpected MVP for the hemp industry? Yep — that actually happened. In one of the most surprising moments out of D.C. this year, Cruz voted against a federal hemp-THC ban, siding with an industry most people assumed he’d oppose. Total plot twist. The TDR Cannabis in Five podcast, presented by Dutchie, breaks down the full story — what the Senate voted on, why the amend...

In this episode of the TDR Trade To Black Podcast presented by Dutchie, host Shadd Dales and co-host Anthony Varrell sit down with Brady Cobb — attorney, advocate, and entrepreneur — to unpack how the federal hemp crackdown became one of the biggest wake-up calls the cannabis world has ever seen. Cobb breaks down how the hemp boom turned into a policy disaster: from THCA flower flooding markets to...

Why did intoxicating hemp just get banned — and what does whiskey have to do with it? In this episode, we break down how the alcohol lobby, Kentucky politics, and legacy market pressure all converged to end one of the fastest-growing segments in U.S. cannabis. TDR Cannabis in 5, presented by Dutchie, takes a hard look at how this ban came together — and what it really means. From bourbon’s turf wa...

Can Congress really shut down America’s hemp-THC market overnight? That’s what’s on the table right now — and the fallout could reshape both the hemp and cannabis industries for years to come. Welcome back to TDR Cannabis in Five, presented by Dutchie. Today’s episode looks at new hemp language tucked inside Congress’s Continuing Resolution — language that would ban intoxicating hemp products like...

Is the billion-dollar hemp industry about to be wiped out? A new federal funding bill—tucked inside Congress’s effort to prevent a government shutdown—includes language that would ban all intoxicating hemp products nationwide. From Delta-8 to THC-P and even full-spectrum CBD, everything could disappear from shelves within a year if this passes. TDR Cannabis in Five, presented by Dutchie, breaks do...

What happens if Congress actually bans hemp nationwide? TDR Trade To Black Podcast, presented by Dutchie, breaks down the new federal language buried inside the FY2026 government funding bill that would outlaw all consumable hemp products containing any “quantifiable amount of THC.” That means Delta-8, Delta-10, THC-P, and even full-spectrum CBD could all disappear with one vote. Host Shadd Dales...

How strong was cannabis earnings week — and what does it tell us about where the industry’s heading in 2026?In this week’s TDR Trade To Black Weekly Recap, presented by Dutchie, host Shadd Dales breaks down a blockbuster week for cannabis investors — as the industry’s biggest players released fresh quarterly results. We’re talking Trulieve (CSE: TRUL | OTCQX: TCNNF), Green Thumb Industries (CSE: G...

What happens when the alcohol industry turns on itself — and hemp becomes the reason why? In this episode of TDR Cannabis in Five, presented by Dutchie, host Shadd Dales breaks down a growing fight in Washington, D.C., where beer, wine, and spirits distributors are urging Congress not to ban hemp-derived THC products, even as many of the producers they represent — the companies that actually make...

Can the global cannabis industry finally find its balance — or are some markets already tipping too far? In this week’s TDR Trade To Black International Weekly Update, presented by Prohibition Partners, host Shadd Dales heads back across the pond for a full look at the changing landscape of international cannabis. From Germany’s oversupply dilemma and price compression, to the gender gap in the UK...

Is Virginia finally ready to launch adult-use cannabis sales? With Abigail Spanberger winning the Virginia governorship, the political winds have officially shifted. Her campaign prioritized cannabis reform, and now—with a Democratic majority in both chambers—Virginia is poised to move from possession-only to a fully regulated retail market. In this episode of Trade To Black, presented by Dutchie,...

Can Virginia finally deliver what so many states haven’t — a fast, fair, and fully regulated cannabis market? TDR Cannabis in Five, presented by Dutchie, breaks down how a single election could change everything. Democrat Abigail Spanberger just defeated Glenn Youngkin to become Virginia’s next governor — and that victory could finally clear the way for adult-use cannabis legalization. Spanberger...

Earnings week is here — and some of the biggest names in cannabis are putting their numbers on the table. The question everyone’s watching: how did they hold up in Q3 2025?TDR Trade To Black Podcast, presented by Dutchie, features host Shadd Dales and Anthony Varrell sitting down with three major cannabis CEOs to talk results, operations, and what’s driving performance across their businesses.🔹 G...

Is this really about safety—or about control? That’s the question blowing up across Capitol Hill as alcohol lobbyists step directly into the hemp fight. TDR Cannabis in Five, presented by Dutchie, breaks down how five of the biggest alcohol trade groups in America are now pressuring Congress to ban intoxicating hemp products—at least until federal agencies create new regulations. Their argument: h...

Did President Biden’s cannabis reform actually move the needle—or did it fade once Trump returned to the White House? That’s the question at the center of today’s episode, as new testimony reveals how the Biden administration quietly built the foundation for federal cannabis rescheduling and issued sweeping possession pardons. TDR Cannabis in Five, presented by Dutchie, revisits those behind-the-s...

What happens when Hollywood collides with the hemp industry? That’s the question at the center of a new debate — after actor, comedian, and cannabis entrepreneur Seth Rogen publicly called out efforts to ban hemp-derived THC beverages, saying the push proves “someone is very threatened” by their rising popularity. TDR Cannabis in Five, presented by Dutchie, examines why hemp-THC drinks have become...

Joining us for our Insider’s Edge segment is Michael Bronstein, President of the American Trade Association for Cannabis. We’re breaking down a grand jury report that just dropped—and it’s not good news for smoke shops across PA.According to the investigation, over 93% of hemp products sold at smoke shops and gas stations were actually illegal marijuana. THC levels were way above the legal limit,...

What if the biggest obstacle to federal cannabis reform isn’t the DEA—or Congress—but hemp? TDR Cannabis in 5, presented by Dutchie, breaks down the growing influence of the hemp lobby in Washington and what it could mean for federal cannabis rescheduling. Hosted by Shadd Dales, this episode explores how hemp-derived cannabinoids like Delta-8 and THCP are flooding the U.S. market, reshaping the po...

Are U.S. cannabis laws about to flip again? From Virginia’s new federal push to a bipartisan attorney general showdown over hemp—and company moves from Verano, MariMed, High Tide, and more—this week’s recap breaks down what’s driving the next wave of cannabis reform. TDR Trade to Black Weekly Recap presented by Dutchie. In Washington, Rep. Jennifer McClellan backs the MORE Act, while 39 attorneys...

Can one of the most famous athletes in the world help push cannabis reform over the finish line? This week, boxing legend and cannabis entrepreneur Mike Tyson brought his fight for legalization straight to Pennsylvania’s Capitol—and lawmakers listened. TDR Cannabis in Five, presented by Dutchie, with host Shadd Dales breaks down what really happened inside Harrisburg. Tyson met with Senate Preside...

TDR Trade To Black Weekly International Recap, presented by Prohibition Partners, breaks down three major developments showing how unpredictable global cannabis reform can be. Host Shadd Dales takes you through Germany’s rapid import expansion, Australia’s regulatory pullback, and Morocco’s cautious first step into medical cannabis exports — each revealing the tension between growth, oversight, an...