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What happens if Congress actually bans hemp nationwide? TDR Trade To Black Podcast, presented by Dutchie, breaks down the new federal language buried inside the FY2026 government funding bill that would outlaw all consumable hemp products containing any “quantifiable amount of THC.” That means Delta-8, Delta-10, THC-P, and even full-spectrum CBD could all disappear with one vote. Host Shadd Dales and Anthony Varrell are joined by Brady Cobb, one of the sharpest policy minds in cannabis, and Michael Bronstein, President of the American Trade Association for Cannabis and Hemp. Together, they dig into who’s really behind this move—and what it could mean for hemp brands, investors, and everyday consumers. In this episode: • Who’s pushing the hemp ban through Congress • Why this mirrors the failed Mary Miller Amendment • What “quantifiable THC” actually means for hemp products • How state markets and CBD brands could get hit • Whether the DEA or White House will step in next The FY2026 hemp provision could reshape how THC products are regulated across the country. Lawmakers say it’s meant to close loopholes from the 2018 Farm Bill, while industry groups warn it could wipe out an entire market overnight. 0:00:00 – Intro 0:00:22 – Congress moves to ban hemp 0:01:32 – Industry impact and MSOs/cannabis business implications 0:03:28 – Political feedback; Trump & McConnell positions 0:04:19 – 2018 Farm Bill loophole; legislative drivers 0:06:09 – Good actors and collateral damage 0:08:27 – Village Farms financial performance Michael Bronstein's Interview 0:11:19 – Federal regulatory distinctions and outlook 0:17:09 – Congressional inflection point/regulatory future 0:19:09 – Alcohol lobby’s influence 0:21:18 – Synthetic/illicit THC issues and safety 0:28:25 – Legislative process & timeline for hemp ban 0:30:35 – Industry consolidation & business adaptation 0:35:41 – Pennsylvania (SB 49) & state legislative updates 0:41:17 – Virginia legalization & federal policy’s impact 0:47:11 – Hemp beverages, retail prospects 0:51:19 – Industry standards, self-regulation & leadership 0:55:47 – Wrap up #CannabisNews #HempBan #THCPolicy #Delta8 #Delta10 #CannabisStocks #MarijuanaReform #Dutchie #TradeToBlack #Congress #CannabisIndustry #HempIndustry Want to see last week's recap? • Cannabis Earnings Week: Winners and Red Fl... Want to see more Cannabis Reform videos? • FBI Data: Cannabis Arrests Still Lead the ... • Big Alcohol vs. Big Hemp: The Capitol Hill... • Abigail Spanberger’s Win Sets Stage for Ca... 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: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon... Spotify: https://tinyurl.com/TDRTradeToBlackon... Website: https://thedalesreport.com/ For copyright matters, please get in touch with us at: sdales@thedalesreport.com Podcast Disclaimer (Financial Interests) The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice. The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions. By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed. Full Disclosures: https://thedalesreport.com/website-te...