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In the latest episode of Trade To Black presented by Flowhub, host Shadd Dales and Anthony Varrell break down the latest developments emerging from today’s Farm Bill hearing in Washington, where lawmakers are debating how hemp and cannabis policy could be redefined moving forward. There’s a lot riding on what happens in this bill on how hemp-derived cannabinoids will be regulated. Then we turn to Michigan, where the cannabis market is dealing with growing political pushback. Eight bipartisan state senators are now moving to repeal the state’s newly implemented 24% cannabis wholesale tax, which was layered on top of the existing excise and sales taxes. Adam Stettner, CEO of FundCanna joins us to outline that tax was projected to generate roughly $421 million annually, but early numbers suggest operators are already feeling the pressure. January dispensary sales fell 8.3% year-over-year, even as product volume reached record highs — a clear sign that operators are selling more cannabis for less money in one of the most competitive markets in the country. In segment two, Flowhub CEO Kyle Sherman joins the podcast to highlight some key industry statistics, including the fact that 47% of Americans have tried cannabis, adult-use cannabis is now legal in 24 states, and the U.S. cannabis industry is expected to reach nearly $47 billion in 2026. Like, subscribe and leave your comments! 00:00:00 Intro: MSOS Price Action & Cannabis Rescheduling Talk 00:05:12 Michigan Cannabis Market: Introducing FundCanna CEO Adam Stettner 00:07:25 Michigan’s 24% Cannabis Wholesale Tax: Why Repeal Is on the Table 00:09:10 40% Effective Cannabis Tax in Michigan: Price Compression & Black Market 00:15:33 How to Fix Michigan Cannabis Oversupply & Unlimited Licenses 00:18:40 How Lenders Underwrite Risk in Michigan’s Cannabis Market 00:26:12 Michigan Cannabis Sales: ~$3B Market, Border Shoppers & Ohio Impact 00:29:40 12–18 Month Outlook: Michigan Cannabis, Schedule III & SAFE Banking 00:34:26 U.S. Cannabis Industry Forecast: Up to $47B Revenue by 2026 00:36:11 Cannabis Operators’ Reality: Profitability, Consolidation & Exhaustion 00:45:00 Cannabis E‑Commerce & Delivery: Regulations vs Profitability #CannabisIndustry, #FarmBill, #CannabisPolicy, #MichiganCannabis, #CannabisTaxes, #CannabisEconomy, #CannabisBusiness, #CannabisMarket, #CannabisNews, #CannabisInvesting Want to see more Cannabis Reform videos? 🎬 • Massachusetts Voters Reject Cannabis Rollb... 🎬 • Can Cannabis Rescheduling Happen During Wa... 🎬 • Federal Hemp Ban: What’s Actually Targeted... 🎬 • Virginia Adult-Use Sales Finally Near | TD... Want to stay updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked newsletter: https://newsletter.thedalesreport.com... Find us on social media and podcast platforms: ✅ 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, contact: 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 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 made based on the information discussed. Full Disclosures: https://thedalesreport.com/website-te...