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The Dales Report | Trade to Black
We are a business news platform that provides the latest and best insight into the stories that make headlines worldwide. From cannabis to psychedelics, crypto and more, we give institutional and retail investors an inside edge in the competitive world of investing. And we profile companies that are making waves in their ever-growing industries. We are The Dales Report. The information provided in this podcast is for educational purposes only and should not be considered as financial or…
Episodes
The Dales Report | Trade to BlackThe $4 Billion Problem Facing U.S. Cannabis | TDR Cannabis in 5
What happens after cannabis rescheduling — once the headlines fade and operators are left to actually scale?In this episode of TDR Cannabis in Five, host Shadd…
The Dales Report | Trade to BlackCA Skip navigation Search Create 5 Avatar image Cannabis Enters 2026 With a New Tone | TTB Weekly Recap
What does the cannabis industry actually look like heading into 2026 — once the noise fades and the data sets in?In this first TDR Weekly Recap of 2026…
The Dales Report | Trade to BlackFlorida’s Medical Cannabis Sales Decline in December | TDR Cannabis in 5
So what does it actually mean when Florida’s medical cannabis market is down for a month — and does it change the bigger picture?Today on TDR Cannabis in Five…
The Dales Report | Trade to BlackInside the Final Steps of Cannabis Rescheduling | TDR Cannabis in 5
So what’s really going on with cannabis rescheduling — and why does it still feel unfinished?Today on TDR Cannabis in Five, presented by Flowhub, host Shadd…
The Dales Report | Trade to BlackEurope Moves While the U.S. Debates Cannabis Rescheduling | TDR Weekly Intl Recap
While the U.S. debates cannabis rescheduling, what’s actually happening across Europe — and why does it matter for global cannabis markets?On this episode of…
The Dales Report | Trade to BlackHow Schedule III Could Reshape Medical Cannabis in the U.S.
If cannabis rescheduling is finalized, what actually happens next — and how does medical cannabis realistically get implemented in the United States?That’s the…
The Dales Report | Trade to BlackCannabis Rescheduling: What's Real and What Comes Next
What actually matters right now in cannabis — the headlines, or what’s quietly happening behind the scenes?Trade to Black, presented by Flowhub, is back with a…
The Dales Report | Trade to BlackWhat Rescheduling Means Beyond Markets | TTB Powered by Flowhub
What happens next after cannabis rescheduling — and who really benefits?Is expungement finally moving from discussion to action?Shadd Dales and Anthony Varrell…
The Dales Report | Trade to BlackSupreme Court Takes Cannabis Gun Case | TDR Cannabis in 5
Can someone legally use cannabis in their state — and still lose their Second Amendment rights under federal law?That question is now in front of the U.S…
The Dales Report | Trade to BlackFormer AG Bill Barr Enters Cannabis Rescheduling Fight | TDR Cannabis in 5
Is the latest legal challenge to cannabis rescheduling actually a real threat — or just another attempt to slow the clock?In today’s episode of TDR Cannabis in…
The Dales Report | Trade to BlackInside the Politics of Rescheduling | TDR Cannabis in 5
What’s really driving federal cannabis policy right now — regulation, public pressure, or the money moving behind the scenes?In our latest TDR Cannabis in Five…
The Dales Report | Trade to BlackIs Cannabis Rescheduling Finally Happening This Month?
On today’s episode of TDR Trade to Black presented by Flowhub, Anthony and Shadd open the first full week of 2026 with a mix of real-time dealmaking and hard…
The Dales Report | Trade to BlackWhat Changes After Rescheduling? | Trade to Black
Was last week’s market pullback just nerves—or was it the market trying to reset after years of uncertainty?On this episode of TDR Trade to Black, we kick off…
The Dales Report | Trade to BlackTop 10 Cannabis Moments of 2025 | Trade to Black
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…
The Dales Report | Trade to BlackWhy Premium Cannabis Is the New Baseline | TDR Cannabis in 5
On this episode of TDR Cannabis in Five, the focus shifts away from policy headlines and stock moves and into something far more foundational — how cannabis is…
The Dales Report | Trade to BlackA Holiday Message from Cannabis Leaders | TDR
The TDR team shares a special holiday message to close out the year, celebrating the cannabis industry and the people helping move it forward. In this festive…
The Dales Report | Trade to BlackWhy Cannabis Is Headed for a Market Re-Rating | TDR Cannabis in 5
So here’s the question investors should really be asking right now:What happens to cannabis when it stops being treated like an outlier — and starts being…
The Dales Report | Trade to BlackTrump Sets January Deadline for Cannabis Rescheduling | TDR Cannabis in 5
So here’s the big question:Is federal cannabis rescheduling about to move from speculation to execution — and could January quietly set the tone for how 2026…
The Dales Report | Trade to BlackWhat 2026 Could Look Like for Canada | Trade to Black
In this episode of TDR Trade To Black, hosts Shadd Dales and Anthony Varrell sit down with Rubicon Organics Inc. (TSX: ROMJ, OTCQX: ROMJF) CEO Margaret Brodie…
The Dales Report | Trade to BlackMSOS After Rescheduling: What Really Happened? | TTB Powered by Dutchie
What happens when major cannabis M&A collides with the biggest federal policy shift in decades?That’s the focus today on TDR Trade To Black, presented by…
The Dales Report | Trade to BlackWhat Really Happened Thursday in Cannabis | TDR Cannabis in 5
After Thursday’s chaos, is the cannabis sector finally resetting — or just catching its breath?In the latest TDR Cannabis in 5, presented by Dutchie, the focus…
The Dales Report | Trade to BlackTrump’s Executive Order Changes the Cannabis Playbook | TTB Weekly Recap
Was this the week cannabis policy officially turned a corner?In this week’s TDR Trade To Black Weekly Recap, presented by Dutchie, the focus shifts to what…
The Dales Report | Trade to BlackCannabis Enters a New Federal Era | TDR Cannabis in 5
President Donald Trump has officially announced the rescheduling of cannabis, and the implications are already reaching far beyond the cannabis industry…
The Dales Report | Trade to BlackWhat Happens Next After Cannabis Rescheduling? | TTB Powered by Dutchie
What does cannabis moving from Schedule I to Schedule III actually mean for operators, investors, and the 425,000 people working in the industry?On today’s TDR…
The Dales Report | Trade to BlackCannabis Rescheduling: Trump signs the E.O. to reclassify cannabis to Schedule III
The TDR Trade to Black Podcast presented by Dutchie, breaks down a significant moment in federal cannabis policy. President Donald Trump announced earlier…
The Dales Report | Trade to BlackTrump’s Cannabis Order: Why the Language Matters | TDR Cannabis in 5
So if cannabis rescheduling is finally coming — what actually determines whether this rally holds… the headline, or the fine print?On the latest TDR Cannabis…
The Dales Report | Trade to BlackWhy Banking Still Matters After Rescheduling
Shadd Dales and Anthony Varrell, break down where the cannabis industry stands right now — financially, politically, and structurally.The show starts with an…
The Dales Report | Trade to BlackHow Money Actually Moves Post-Rescheduling | TDR Cannabis in 5
Is cannabis rescheduling actually the market moment investors think it is — or is the real story what happens after the announcement?In this episode of TDR…
The Dales Report | Trade to BlackWhy Trump’s Cannabis Language Is Getting Stronger | TDR Cannabis in 5
Is cannabis rescheduling moving closer to reality — and why does the President’s language suddenly matter so much?On this episode of TDR Cannabis in Five, host…
The Dales Report | Trade to BlackWhy Big Pharma Isn’t Taking Over Cannabis | TDR Cannabis in 5
Now to today’s question: Does moving cannabis to Schedule III hand control of the industry to Big Pharma?That concern has been circulating widely, but this…
The Dales Report | Trade to BlackSupreme Court Says No to Cannabis Prohibition Challenge
TDR Trade to Black, presented by Dutchie, and the conversation around cannabis reform has evolved quickly since Friday.Michael Bronstein returns to the show to…
The Dales Report | Trade to BlackCRS Warns Federal Hemp Ban Hard to Enforce | TDR Cannabis in 5
Does Congress’ new hemp ban actually have the teeth to be enforced nationwide?That’s the big question today on TDR Cannabis in Five, after a sweeping federal…
The Dales Report | Trade to BlackTrump Puts Cannabis Rescheduling Back in Focus | TTB Weekly Recap
This week’s TDR Trade to Black Weekly Recap, presented by Dutchie, covers a moment that feels like a real inflection point for the cannabis industry.At the top…
The Dales Report | Trade to BlackWhy Cannabis Messaging Needs a Reset | TDR Cannabis in 5
Is the cannabis industry actually prepared for the messaging battle around rescheduling?Today on TDR Cannabis in Five, we’re looking at the communication gap…
The Dales Report | Trade to BlackIs Trump About To Reschedule Cannabis This Time?
New reporting from The Washington Post says President Donald Trump is considering an executive order that would move cannabis from Schedule I to Schedule III…
The Dales Report | Trade to BlackWhat Cannabis Rescheduling Actually Means | TDR Cannabis in 5
Will the U.S. actually reschedule cannabis before year’s end — or are we headed for another delay?Today on TDR Cannabis in Five, we’re breaking down what…
The Dales Report | Trade to BlackLEEF Brands CEO on Killing Debt Before 2026
In this episode of TDR Trade to Black, hosts Shadd Dales and Anthony Varrell sit down with Micah Anderson, CEO of LEEF Brands (CSE: LEEF, OTCQB: LEEEF), to…
The Dales Report | Trade to BlackTexas Tightens Hemp Rules as Med Program Expands | TDR Cannabis in 5
Is Texas quietly setting the tone for how states handle intoxicating hemp going forward?Today on TDR Cannabis in Five, we’re looking at Texas’ revised rule…
The Dales Report | Trade to BlackCan the Cannabis Industry Finally Get Its Story Straight?
Trade to Black brings you a full breakdown of how politics, capital, and communication are colliding in cannabis, and why getting the narrative right might…
The Dales Report | Trade to BlackNew York Study Shows Medical Cannabis Cuts Opioid Use | TDR Cannabis in 5
In this episode of TDR Cannabis in Five, host Shadd Dales breaks down a new study out of New York — first reported by Marijuana Moment — showing that medical…
The Dales Report | Trade to BlackCannabis vs Alcohol & Pharma: What’s Really Happening | TDR Cannabis in 5
On today’s episode of TDR Cannabis in Five, host Shadd Dales breaks down why so many analysts think cannabis is becoming a major player in everyday consumer…
The Dales Report | Trade to BlackMichigan Judge Allows 24% Cannabis Wholesale Tax to Proceed | TDR Cannabis in 5
In this episode of TDR Cannabis in Five, host Shadd Dales breaks down a major legal development out of Michigan that could influence cannabis taxation and…
The Dales Report | Trade to BlackCan the Feds Even Enforce the Hemp Ban?
Shadd Dales and Anthony Varrell get into what’s really going on behind the biggest stories in cannabis and hemp — federal moves, state updates, and everything…
The Dales Report | Trade to BlackDina Titus Demands Answers from Attorney General Pam Bondi | TDR Cannabis in 5
In this episode of TDR Cannabis in Five, host Shadd Dales breaks down newly surfaced federal enforcement guidance, a congressional response, and the…
The Dales Report | Trade to BlackTexas Issues Largest Round of TCUP Licenses | TTB Weekly Recap
If you’re ever injured in an accident, you can check out Morgan & Morgan. You can start your claim in just a click without having to leave your couch. To start…
The Dales Report | Trade to BlackSenator Blocks Trump Drug Czar Nominee | TDR Cannabis in 5
Earlier this week, a major development in Washington put the brakes on a key White House nomination tied directly to national drug policy. As first reported by…
The Dales Report | Trade to BlackMJBizCon Rumors: Rescheduling & Hemp Shifts
Shadd Dales and Anthony Varrell return from MJBizCon in Las Vegas with a fresh download of what people were really talking about on the ground. That includes…
The Dales Report | Trade to BlackWhy Cannabis Stocks Repeat This Pattern | TDR Cannabis in 5
This episode of TDR Cannabis in Five features Shadd Dales breaking down one of the most consistent patterns in cannabis equities: the tendency for sector…
The Dales Report | Trade to BlackWhy Cannabis Is Gaining Ground Clinically Versus Opioids | TDR Cannabis in 5
This episode of TDR Cannabis in Five features Shadd Dales reviewing new research comparing cannabis and prescription painkillers for chronic pain. Presented in…
The Dales Report | Trade to BlackGOP Leader Suggests Trump May Move Toward Cannabis Rescheduling | TDR Cannabis in 5
This episode of TDR Cannabis in Five features Shadd Dales reviewing new comments from Rep. Guy Reschenthaler, one of the highest-ranking Republicans in the…
The Dales Report | Trade to BlackVirginia Moves Toward Cannabis Retail Sales | TDR Cannabis in 5
This episode of TDR Cannabis in Five features Shadd Dales covering the latest cannabis update out of Virginia, where lawmakers are preparing to introduce a…
The Dales Report | Trade to BlackCalifornia’s Cannabis Program Must Change To Regain Stability | TDR Cannabis in 5
This episode of TDR Cannabis in Five features Shadd Dales breaking down a Marijuana Moment op-ed by Hirsh Jain of Ananda Strategy, focusing on the problems…
The Dales Report | Trade to BlackWhat Tilray’s Latest Announcement Means For Investors | TDR Cannabis in 5
This episode of TDR Cannabis in Five features Shadd Dales breaking down the Tilray (NASDAQ: TLRY) news that had investors talking over Thanksgiving weekend…
The Dales Report | Trade to BlackCannabis Industry Shake-Up: Tilray Split + Cali's New Regime + SC Review
Trade To Black Podcast is back with another jam-packed episode as hosts Anthony Varrell and Shadd Dales are joined by special guest Michael Bronstein…
The Dales Report | Trade to BlackHigh Tide Officially Enters Europe with Berlin Store Launch | TDR Cannabis in 5
High Tide (NASDAQ: HITI, TSXV: HITI) just made one of the boldest moves the cannabis retail sector has seen in years. In this episode of TDR Cannabis in Five…
The Dales Report | Trade to BlackThe Five Moments That Actually Defined Cannabis So Far in 2025 | TDR Cannabis in 5
What were the five moments that actually defined cannabis so far here in 2025?In this episode of TDR Cannabis in Five, presented by Dutchie, host Shadd Dales…
The Dales Report | Trade to BlackSupreme Court Takes a Look at Cannabis | TDR Cannabis in 5
Earlier this week, Marijuana Moment reported that the U.S. Supreme Court will privately meet on December 12 to decide whether to take on a case that could…
The Dales Report | Trade to BlackInside the HHS Rescheduling Report | TDR Cannabis in 5
In this episode of TDR Cannabis in Five, host Shadd Dales covers one of the biggest federal cannabis documents ever released: the 252-page report from HHS…
The Dales Report | Trade to BlackIs This the Cannabis Bottom? | TDR Cannabis in 5
Cannabis stocks are ending the year at some of their weakest levels yet, and investors are openly questioning whether the sector has finally hit bottom. After…
The Dales Report | Trade to BlackInside the Denver Raid Connected to MC Nutraceuticals
What happens when a $30 billion hemp market collides with federal enforcement in real time?In this episode of the Trade To Black podcast presented by Dutchie…