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On this episode of the Trade To Black Podcast, host Shadd Dales and co-host Anthony Varrell are joined by two heavyweights in cannabis finance and policy to break down the most pressing issues shaping the industry today. First up, Wall Street legend Marc Cohodes returns to the show to discuss the smart — and often overlooked — arguments being used by marijuana opposition. We unpack the latest developments in the Farm Bill, assess the viability of SAFE Banking under a second Trump administration, and debate whether cannabis rescheduling could actually gain momentum with Republicans leading the charge. Marc also shares his no-BS take on the outlook for cannabis equities and what needs to change to bring real investor confidence back to the sector. Next, we welcome Michael Bronstein, President of ATACH (American Trade Association for Cannabis and Hemp), to explore big moves happening at the state level. From Texas hemp policy fights to how states are adjusting to federal uncertainty, Bronstein breaks it all down. We also look ahead to what the S3 cannabis rescheduling outlook could mean for year-end 2025. Subscribe and stay tuned for deep analysis, bold opinions, and sharp insights into U.S. cannabis reform, finance, and what lies ahead for the plant. 0:00:00 - Intro 0:00:20 - Cannabis Market Overview 0:01:33 - Mike Tyson's Influence and Hemp Rescheduling Discussion Marc Cohodes Interveew 0:03:45 - Marc Cohodes' Background and Investment in Cannabis 0:08:23 - Discussion on Cannabis Regulation and Age Restrictions 0:11:57 - Canadian Cannabis Market 0:13:17 - Federal Regulation and Crackdown on Illicit Operations 0:16:17 - Potential Changes Under Trump 0:20:30 - DEA and Legal Perspectives on Cannabis 0:27:49 - Illicit vs. Legal Cannabis Market Size 0:35:33 - Unifying Hemp and Cannabis Regulations 0:38:57 - Safe Banking and Rescheduling 0:43:40 - Blockchain in Cannabis Tracking 0:45:02 - Medical hemp vs Recreational hemp, Glass House, and cannabis policy Michael Bronstein interview (Insider's Edge Presented by ATACH) 0:46:06 - State-level cannabis news 0:47:27 - Pennsylvania budget negotiations and cannabis legalization status 0:53:05 - Trump involvement in cannabis policy 0:57:31 - Medical marijuana popularity vs crypto 1:02:21 - Texas SB3 veto and potential next steps 1:06:48 - TerrAscend divesting Michigan assets 1:09:25 - Closing remarks #CannabisNews #FarmBill2025 #SAFEBanking #CannabisRescheduling #TexasHemp #MarcCohodes #MichaelBronstein #TradeToBlack #AnthonyVarrell #ShaddDales #CannabisReform #cannabisfinance Want to see last week's recap? • The Week’s Biggest Cannabis Headlines – Fr... Want to see more Cannabis Reform videos? • Is Pennsylvania the Next Big Cannabis Mark... • Texas Vetoes Hemp Ban: Here’s What It Mean... • Alcohol Sales Are Dropping — Cannabis May ... • Mike Tyson Joins Cannabis Rescheduling Fig... 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...