Episode Details

In this week’s Trade To Black Weekly Recap presented by FRE Pouch, Shadd Dales breaks down the shift from cannabis policy to real-world execution.The DEA has officially opened its registration portal for medical cannabis operators—meaning companies now have a 60-day window to apply for federal recognition. This follows last week’s move to Schedule III and marks the first real step in turning policy into action.From a financial standpoint, the biggest impact is 280E. For years, operators have been taxed at extreme rates, limiting profitability and growth. That now starts to unwind on the medical side—and for major U.S. operators, that changes everything.We also break down how companies are positioned:

• Trulieve Cannabis Corp. — over $1B in revenue, strong cash flow, positioned to benefit from tax relief
• Green Thumb Industries Inc. — $150M buyback signals confidence in undervaluation
• Curaleaf Holdings Inc. — expanding globally with full control of German operations

• Verano Holdings Corp. — stable quarter and debt refinancing
• SNDL Inc. — weaker quarter, but $200M+ cash and no debt
• Vireo Growth Inc. — expanding into Florida with FLUENT acquisition
• Glass House Brands Inc. — strong production, margins under pressure

On the business side:We also touch on growing momentum in North Carolina and what federal rescheduling means for state-level legalization.This is where the industry starts to separate—execution now matters.#CannabisStocks #CannabisNews #TradeToBlack #FREPouch #280E #DEA #CannabisRescheduling #MSO #Investing #CannabisIndustryWant to see more Cannabis Reform?🎬    • Congress Tries To Slow Cannabis Reform | T...  🎬    • DEA Moves On HHC — What It Means | TDR Can...  🎬    • DOJ Signals Shift On Cannabis & Firearms |...  🎬    • Cannabis + Psychedelics: What Just Changed...  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:

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