The Dales Report | Trade to Black

In the latest episode of TDR Cannabis in 5 presented by Flowhub, host Shadd Dales breaks down the weekly performance of the two most closely watched cannabis ETFs — AdvisorShares Pure US Cannabis ETF (NYSEARCA: MSOS) and AdvisorShares Pure Cannabis ETF (NYSEARCA: YOLO). MSOS closed at $3.96, down 4.81% week-over-week, with heavy concentration in its top three holdings: Curaleaf Holdings (CSE: CURA...

In the latest TDR Trade To Black Weekly Recap presented by FREnicotinepouch.com, host Shadd Dales breaks down a pivotal week across U.S. and international cannabis markets. New York moved quickly to correct a zoning misinterpretation that had placed more than 150 licensed dispensaries at risk — reinforcing regulatory stability in one of the country’s most complex adult-use rollouts. Florida acknow...

In the latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell challenge the conventional narrative around the cannabis industry. Most people believe cannabis struggles because of regulation, oversupply, and price compression. But what if those aren’t the root causes? What if the real constraint holding the industry back is capital structure and liquidity timing?...

In the latest TDR Cannabis in Five, host Shadd Dales breaks down the chaos out of Washington this week, and whether or not Attorney General Pam Bondi’s heated congressional hearing put cannabis rescheduling at risk? After a chaotic five-hour session focused largely on the DOJ’s handling of the Epstein files, political pressure around Bondi intensified. Critics questioned her leadership. Supporters...

In the latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down a major policy shift out of Virginia that could materially impact the East Coast cannabis market. Virginia lawmakers have advanced legislation to legalize adult-use marijuana sales, with the House version of HB 642 proposing a potential market launch as early as November 1. The bill outlines a full commercial fra...

In the latest episode of Trade To Black presented by Flowhub, hosts Shadd Dales and Anthony Varrell break down the escalating cannabis battle in Ohio after Governor Mike DeWine told marijuana advocates to “stop whining” about new GOP-backed restrictions. What does this mean for Ohio’s adult-use cannabis rollout? Are new regulations reshaping the voter-approved legalization framework? We unpack the...

The latest episode of TDR Cannabis in Five, presented by FREpouch.com, features host Shadd Dales walking through a New York Times op-ed that’s suddenly getting a lot of attention in Washington and across the cannabis industry. The opinion piece argues that the U.S. now has a so-called “marijuana problem,” pointing to higher usage rates, dependency concerns, emergency room visits, and public safety...

In the latest TDR Trade To Black podcast, presented by Flowhub, hosts Shadd Dales and Anthony Varrell break down the latest developments coming out of Washington. In the first segment, the show kicks off around a new congressional research analysis examining whether IRS Section 280E — the provision that prevents cannabis businesses from deducting ordinary expenses — may be unconstitutional. So why...

The latest episode of TDR Cannabis in Five, presented by Flowhub, takes a closer look at a comment out of Washington that’s stirring debate across the cannabis industry. Republican Senator Ted Budd recently claimed that President Donald Trump was “poorly advised” on cannabis rescheduling — a statement that immediately raised eyebrows among policy analysts, investors, and industry operators. In thi...

The latest TDR Trade To Black podcast, presented by Flowhub, sees hosts Shadd Dales and Anthony Varrell jump into a busy slate of cannabis headlines that continue to reshape the industry’s political and capital-markets landscape. In the first segment, the team breaks down Curaleaf Holdings (TSX: CURA) and its latest refinancing move, analyzing their new balance-sheet strategy and access to capital...

In this episode of TDR Trade to Black, host Shadd Dales sits down with Avicanna Inc. (TSX: AVCN) CEO Aras Azadian and Dr. Hance Clarke (President, Canadian Pain Society; physician at Toronto General Hospital) to break down a new peer-reviewed medical cannabis study published in the Canadian Journal of Pain. The discussion focuses on a 24-week real-world evidence study that followed patients author...

In this episode of TDR Cannabis in Five, host Shadd Dales launches a new weekly segment focused on tracking the AdvisorShares YOLO ETF (NYSE: YOLO) — breaking down weekly performance, key drivers, and how the underlying cannabis equities are behaving in real time. From Friday close to Friday close, the YOLO ETF (NYSE: YOLO) gained 2.1%, a notable move in a sector that remains volatile and headline...

In this episode of TDR Cannabis in Five, host Shadd Dales delivers a weekly performance recap of the AdvisorShares Pure US Cannabis ETF (NYSEARCA: MSOS) — the most liquid and closely watched cannabis ETF in the market. From Friday close to Friday close, MSOS (NYSEARCA: MSOS) rose 3.35%, a solid weekly gain during a period when U.S. cannabis equities have struggled with volatility, short interest,...

In the latest TDR Trade to Black Weekly Recap presented by FREpouch.com, host Shadd Dales breaks down a week where cannabis reform quietly moved from speculation to structure. TrumpRx officially goes live, signaling that federal cannabis policy is no longer theoretical — it’s being operationalized. Wisconsin advances a tightly controlled medical cannabis bill, marking its most serious legislative...

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...

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 prio...

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-fo...

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 ove...

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 ad...

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 ca...

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 s...

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...

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 Gi...

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,...

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 ti...