Big Change Is Coming to Cannabis Over the Next 12 Months | TDR Cannabis in 5

The Dales Report | Trade to Black · Oct 23, 2025 · 7m

What will the cannabis industry look like 12 months from now?That’s the question investors, operators, and policymakers are asking as we head toward the 2026 midterms. Because depending on whether the DEA officially moves cannabis from Schedule I to Schedule III—or leaves it untouched—the next year could transform the industry in completely opposite ways.On TDR Cannabis in Five presented by Dutchie, host Shadd Dales breaks down two very different futures: one where rescheduling triggers growth, consolidation, and renewed investor confidence—and another where stagnation continues, valuations…