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Former Congressman Matt Gaetz just set off a bomb today in the cannabis industry. Gaetz tweeted out that the DEA is drafting a rule to reschedule cannabis, and are moving it ASAP. Is there some truth to this? In our latest Trade to Black podcast, presented by Flowhub, host Shadd Dales and Anthony Varrell will break down this this announcement, along with several other key developments in the cannabis industry. We start in Virginia, where lawmakers have approved legislation to legalize regulated adult-use cannabis sales. The bill outlines a framework for retail licensing, possession limits, and state oversight, signaling renewed momentum after years of stalled implementation. If finalized, Virginia would move from partial legalization into a fully functioning adult-use market. Next, we look at Hawaii, where a state-commissioned report estimates that legalizing adult-use cannabis could generate roughly $90 million in monthly sales, with tourism expected to play a significant — though complex — role. The findings highlight both economic opportunity and regulatory challenges unique to island markets. We then shift to a major cultural signal: the largest entertainment arena in the U.S. partnering with cannabis businesses to sell THC beverages at concerts and sporting events. This move reflects broader consumer trends toward alcohol alternatives and represents another step toward mainstream cannabis normalization. On the corporate side, Vireo Growth Inc. (CSE: VREO) announced a non-binding memorandum of understanding to acquire The Hawthorne Gardening Company from Scotts Miracle-Gro. The potential transaction could reshape Vireo’s footprint in cultivation inputs and deepen vertical integration opportunities. Log on now and leave your comments! 0:00 – Intro & Gaetz's Tweet 1:47 – Is DEA Writing the Rule? 2:42 – Litigation Risk if DEA Leads 5:38 – DEA vs DOJ Control & Timing 8:16 – Virginia Adult-Use Bill Breakdown 10:21 – $10M License Fee & NY Parallels 12:09 – Hawaii Market Opportunity 13:39 – Shane Pennington Joins (Legal Clarity) 16:55 – Why DOJ Drafting Matters 22:45 – Speed vs Bulletproof Process 25:40 – Rumors, Timelines & Black Box Phase 33:07 – Bottom Line on Rescheduling 36:22 – United Center THC Drinks (GTI) 38:56 – Hemp Clampdown Risk Window 43:16 – Vireo Growth 46:09 – Vireo Stock Risk & Upside 47:41 – Show Updates & Wrap-Up #TradeToBlack #CannabisIndustry #CannabisPolicy #AdultUseCannabis #THCDrinks #CannabisInvesting #CannabisNews #Flowhub #CannabisMarkets #CannabisReform Want to see more Cannabis Reform videos? • What Cannabis Going Mainstream Actually Lo... • Why Trump’s Team Is Highlighting Cannabis ... • Alcohol Rules Change While Cannabis Stays ... 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: 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 as 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 you make based on the information discussed. Full Disclosures: https://thedalesreport.com/website-te...