Episode Details

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:

Listen Now