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On this episode of Trade To Black, host Shadd Dales covers a major shift that’s now confirmed at the highest level: cannabis is taking market share from alcohol. Brown-Forman — the company behind Jack Daniel’s — just said cannabis legalization is putting direct pressure on their business. The comment came during a weak earnings report and signals a clear trend: consumer habits are changing. Shadd breaks down what this means for the alcohol industry, the cannabis sector, and long-term investors. From data showing alcohol use declining among younger adults, to cannabis sales projected to hit $37 billion by 2027, the direction is clear. We also look at how alcohol giants are trying to adjust — with early bets on cannabis drinks and partnerships — but progress has been slow due to federal restrictions. This episode outlines the key takeaways for investors: watch for M&A, brand-driven cannabis growth, and long-term opportunities as regulations evolve. The shift from booze to bud isn’t speculation — it’s happening now. #CannabisVsAlcohol #TradeToBlack #CannabisMarket #CannabisInvesting #AlcoholTrends #CannabisGrowth #CannabisStocks #JackDaniels #BrownForman #CannabisNews #THCDrinks #CannabisBusiness #WeedVsAlcohol #GenZCannabis #MillennialsAndCannabis #CannabisVsLiquor #AlcoholDecline #Cannabis2025 #cannabisreform Want to see last week's recap? • Mike Tyson Headlines the Biggest Cannabis ... Want to see more Cannabis Reform videos? • Mike Tyson Joins Cannabis Rescheduling Fig... • Why Canadian Cannabis Companies Are Domina... • Are Republicans or Democrats Holding Marij... • What Every Cannabis CEO Needs To Do To Suc... • What the U.S. Can Learn from Ontario’s Mar... 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...