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The biggest weekly developments in cannabis—here’s what you need to know. On this week’s TDR Trade to Black podcast with host Shadd Dales, we cover the most important policy, business, and market news shaping the industry right now. The DEA has a new administrator. Terrance Cole was narrowly confirmed in a 50–47 Senate vote and says reviewing cannabis rescheduling will be a top priority. But his past statements linking cannabis to youth suicide have some questioning how aggressively he’ll move. With Trump’s Department of Government Efficiency looking for cost cuts, Cole’s decisions could speed up—or stall—rescheduling. Meanwhile, the STATES 2.0 Act is back in focus. With bipartisan support, the bill would protect state-legal cannabis programs, fix 280E, and allow interstate commerce between consenting states. Industry leaders are calling it a practical step toward a national marketplace. In the private sector, Big Alcohol is circling hemp-derived THC beverages as alcohol sales soften. Liquor stores in some states report 10–20% of sales now coming from THC drinks, and major players like Constellation Brands (NYSE: STZ) are exploring the space. At the state level, Pennsylvania lawmakers face growing pressure to legalize adult-use, Texas debates legalization versus stricter hemp rules, and Florida’s 2026 ballot initiative continues to face long odds. And in business news: Cresco Labs (CSE: CL / OTCQX: CRLBF) exits California, MTL Cannabis (TSXV: MTL / OTCQX: MLTNF) reports record revenue and profitability, and Nevis Brands (CSE: NEVI / OTC: NEVIF) expands its THC beverage distribution across the Midwest. #TradeToBlack #CannabisNews #CannabisPolicy #STATES2Act #CannabisRescheduling #THCBeverages #DEA #CannabisInvesting #ShaddDales #280E Want to see more Cannabis Reform videos? • 32 State AGs Demand Congress Pass SAFER Ba... • Brian Mast Joins STATES 2.0 Act – Momentum... • Why Trump Holds the Keys to Schedule III—N... • Texas Hemp Battle: SB5 Could Reshape U.S. ... 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: [email protected] All views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...