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Trump’s cannabis rescheduling promise, DEA’s new enforcement tone, the fall of Ayr Wellness, and a full-scale hemp war erupting in Texas. This week’s Trade To Black weekly recap—presented by Dutchie—delivers one of our most jam-packed rundowns to date. Let’s start with Trump. Scotts Miracle-Gro CEO James Hagedorn says Trump has made private commitments—multiple times—to reschedule cannabis federally. This isn’t secondhand gossip—Hagedorn has real access through his company’s cannabis subsidiary, Hawthorne. What does it mean? That a law-and-order rescheduling pivot may be taking shape under the radar, aligning with a broader enforcement-focused approach. Meanwhile, DEA Administrator Terrance Cole released his strategic priorities—and rescheduling wasn’t even mentioned. Some saw that as a red flag. We argue it’s a green light. Why? Because keeping cannabis off the enforcement radar means the rescheduling process is staying where it belongs: with DOJ and HHS. Former DEA Acting Administrator Derek Maltz also joined us this week to sound the alarm—not on regulated cannabis, but on the illicit high-THC market, which he says is the real threat to public health. And then there’s Texas. SB 5 has cleared the Senate, aiming to criminalize most hemp-derived THC products. If passed, it would devastate an $8 billion industry and jail thousands. The House version is still live, but pressure is building from both sides. In the business world, AYR Wellness (CSE: AYR.A / OTCQX: AYRWF) is restructuring, effectively handing control to creditors. Meanwhile, companies like Tilray (NASDAQ: TLRY), SNDL (NASDAQ: SNDL), Cannara Biotech (TSXV: LOVE / OTCQX: LOVFF), MariMed (CSE: MRMD / OTCQX: MRMD), C21 Investments (CSE: CXXI / OTCQX: CXXIF), MTL Cannabis (CSE: MTLC / OTC: MTLCF), and Canopy Growth (TSX: WEED / NASDAQ: CGC) are navigating earnings season with varying levels of strength. And yes, Rand Paul just saved the hemp industry—at least for now—by blocking a proposed ban from sneaking into the Senate’s ag budget bill. The industry is consolidating. The policy window is opening. And federal momentum may finally be real. Let’s get into it. #TradeToBlack #CannabisNews #TrumpCannabis #DEA #Rescheduling #AYRWellness #TexasHempBan #CannabisReform #Dutchie #CannabisStocks Want to see more Cannabis Reform videos? • Is Rescheduling Coming Quietly From the Ri... • Texas Could Ban ALL THC — Here’s What Happ... • DEA Just Went Quiet — Is Rescheduling in T... • What Happens 48 Hours After Cannabis Gets ... • New Report Debunks Myth of Cannabis Spike ... 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...