The Dales Report | Trade to Black
The Dales Report | Trade to Black

The Dales Report | Trade to Black

Dales Media Group

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We are a business news platform that provides the latest and best insight into the stories that make headlines worldwide. From cannabis to psychedelics, crypto and more, we give institutional and retail investors an inside edge in the competitive world of investing. And we profile companies that are making waves in their ever-growing industries. We are The Dales Report. The information provided in this podcast is for educational purposes only and should not be considered as financial or investment advice. Listeners are encouraged to conduct their own research and co

Recent Episodes

How Schedule III Could Reshape Medical Cannabis in the U.S.
JAN 9, 2026
How Schedule III Could Reshape Medical Cannabis in the U.S.
If cannabis rescheduling is finalized, what actually happens next — and how does medical cannabis realistically get implemented in the United States?That’s the focus of this episode of Trade To Black, presented by Flowhub. Hosts Shadd Dales and Anthony Varrell shift the conversation away from stock price speculation and toward something far more complex: execution. Specifically, how a Schedule III framework would work in practice for medical cannabis, an area many investors and operators still don’t fully understand.Joining the show is Aras Azadian, CEO of Avicanna Inc. (TSX: AVCN | OTCQX: AVCNF), a company that has focused exclusively on medical cannabis research and clinical development since its founding. Operating in Canada — where cannabis is federally legal — Avicanna has spent more than a decade working with physicians, hospitals, insurers, and regulators to build evidence-based medical cannabis programs.The discussion compares Canada’s structured medical system with the fragmented U.S. model, highlighting the real work required beyond rescheduling: physician education, clinical guidelines, reimbursement conversations, intellectual property, and partnerships with medical institutions. The group also discusses Avicanna’s real-world evidence studies, including oncology-focused research and published data showing cannabinoids’ ability to address multiple symptoms at once, such as pain, sleep disruption, anxiety, and epilepsy.Rather than treating rescheduling as a finish line, the episode frames it as the starting point for infrastructure investment, collaboration with pharmaceutical and medical institutions, and a more disciplined medical pathway in the U.S.In the second segment, Flowhub CEO Kyle Sherman joins the conversation to discuss what these regulatory shifts could mean for operators trying to build durable, compliant cannabis businesses in a changing market.This episode is about how rescheduling actually works — not just what it means on paper.#CannabisRescheduling #MedicalCannabis #TradeToBlack #Avicanna #CannabisResearch #Flowhub #CannabisPolicy #CannabisIndustry #CannabisHealthcare #ScheduleIIIWant to see more Cannabis Reform videos?   • Supreme Court Takes Cannabis Gun Case | TD...     • Former AG Bill Barr Enters Cannabis Resche...     • Inside the Politics of Rescheduling | TDR ...  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] 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...
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62 MIN
Cannabis Rescheduling: What's Real and What Comes Next
JAN 8, 2026
Cannabis Rescheduling: What's Real and What Comes Next
What actually matters right now in cannabis — the headlines, or what’s quietly happening behind the scenes?Trade to Black, presented by Flowhub, is back with a timely episode focused on two developments in the industry as 2026 gets underway: consolidation and federal policy momentum.In the first segment, Shadd Dales and Anthony Varrell sit down with Draper Bender, co-founder of GRON, following the company’s newly announced all-cash acquisition by WYLD. With edibles continuing to be one of the most competitive categories in cannabis, Draper walks through why this deal made sense now, how the transaction came together, and what it says about where branded cannabis is heading in a more disciplined market.The conversation then shifts to federal policy. Shane Pennington, one of the most respected cannabis attorneys in the U.S., returns to the show to break down the latest developments around cannabis rescheduling. With new signals coming out of Washington and plenty of speculation circulating, Shane helps separate what’s real from what’s noise — and explains how operators and investors should be thinking about timing, process, and legal risk.If you’re following cannabis M&A, federal reform, or how 2026 is starting to take shape, this conversation adds perspective worth paying attention to.#CannabisIndustry #TradeToBlack #Flowhub #CannabisMergers #CannabisPolicy #Rescheduling #CannabisBusiness #EdiblesMarket #CannabisNews #2026OutlookWant to see more Cannabis Reform videos?   • Supreme Court Takes Cannabis Gun Case | TD...     • Former AG Bill Barr Enters Cannabis Resche...     • Inside the Politics of Rescheduling | TDR ...  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] 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...
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42 MIN
 What Rescheduling Means Beyond Markets | TTB Powered by Flowhub
JAN 7, 2026
What Rescheduling Means Beyond Markets | TTB Powered by Flowhub
What happens next after cannabis rescheduling — and who really benefits?Is expungement finally moving from discussion to action?Shadd Dales and Anthony Varrell are covering the latest developments out of Washington surrounding the federal rescheduling of cannabis.Plus, Jerry Haymon joins us for the first time. Who is he? Well get ready foro this. Jerry shares a powerful firsthand perspective on the expungement and justice side of cannabis reform. Closely connected to Weldon Angelos of Mission Green, Harmon’s journey includes Division I college football, early involvement in California’s legal cannabis market, and a decade-long federal sentence tied to non-violent cannabis conspiracy charges that included approximately 6,600 pounds.In the second segment, Weldon Angelos joins us discuss the historic rescheduling announcement and his involvement in the process, including direct conversations with the 47th President of the United States - Donald Trump. Angelos shares his perspective on why this executive action happened now, when rescheduling could realistically be signed off.See you at 4p EST! Leave your comments and questions.#TradeToBlack #CannabisRescheduling #CannabisExpungement #WeldonAngelos #MissionGreen#CannabisPolicy #JusticeReform #FederalCannabis#Flowhub #CannabisIndustry #DonaldTrumpWant to see more Cannabis Reform videos?   • Supreme Court Takes Cannabis Gun Case | TD...     • Former AG Bill Barr Enters Cannabis Resche...     • Inside the Politics of Rescheduling | TDR ...  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] 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...
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53 MIN
 Supreme Court Takes Cannabis Gun Case | TDR Cannabis in 5
JAN 7, 2026
Supreme Court Takes Cannabis Gun Case | TDR Cannabis in 5
Can someone legally use cannabis in their state — and still lose their Second Amendment rights under federal law?That question is now in front of the U.S. Supreme Court.In this episode of TDR Cannabis in Five, presented by Flowhub, the focus turns to a high-stakes constitutional case that could impact millions of cannabis consumers across the country. The Supreme Court has agreed to hear a challenge involving a Montana man who was denied the right to purchase a firearm because he legally used medical cannabis under state law. Federal courts ruled that because cannabis remains illegal federally, users may still be considered “unlawful users” under the Gun Control Act.Now, the highest court in the country is stepping in.This case sits at the intersection of cannabis policy, gun rights, federalism, and constitutional law. While cannabis is legal for medical or adult use in most U.S. states, federal law has not caught up — and that disconnect continues to create real-world consequences for consumers, from employment and custody issues to firearm ownership.The Supreme Court’s decision to take this case signals that the issue is no longer theoretical. A ruling could either reaffirm the current framework or reshape how state-legal cannabis use is treated under federal gun laws. Either outcome would set a national precedent.#CannabisNews #SupremeCourt#SecondAmendment #CannabisPolicy #FederalLaw #GunRights #MedicalMarijuana #CannabisReform #TDRCannabisInFive #FlowhubWant to see more Cannabis Reform videos?   • Former AG Bill Barr Enters Cannabis Resche...     • Inside the Politics of Rescheduling | TDR ...     • Why Cannabis Is Headed for a Market Re-Rat...     • Trump Sets January Deadline for Cannabis R...  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] 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...
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8 MIN
 Former AG Bill Barr Enters Cannabis Rescheduling Fight | TDR Cannabis in 5
JAN 7, 2026
Former AG Bill Barr Enters Cannabis Rescheduling Fight | TDR Cannabis in 5
Is the latest legal challenge to cannabis rescheduling actually a real threat — or just another attempt to slow the clock?In today’s episode of TDR Cannabis in Five presented by Flowhub, the focus turns to a headline that grabbed attention fast: an anti-cannabis group has hired former U.S. Attorney General Bill Barr in an effort to block federal cannabis rescheduling. On the surface, it sounds serious. Big name. Legal pressure. Lawsuit language.But when the context is unpacked, the impact looks far more limited than the headline suggests.According to reporting from Marijuana Moment, the group Smart Approaches to Marijuana (SAM) has brought Barr into a familiar strategy they’ve used for years — litigation aimed at delaying reform. This isn’t a new playbook, and it doesn’t signal new political leverage with the current administration. In fact, Bill Barr and President Donald Trump have not been aligned for years, which undercuts the idea that this move brings inside access or influence.More importantly, cannabis rescheduling isn’t being driven by politics alone. It’s being driven by data — medical use, decades of research, state-level legalization, and federal agency reviews. The Department of Health and Human Services didn’t recommend rescheduling based on opinion, but on evidence.Legal challenges may slow timelines, but they don’t erase the scientific foundation behind the decision. From an investor and market perspective, this looks less like a reversal risk and more like procedural noise.The process continues. The data stands. And momentum remains rooted in reality, not rhetoric.#CannabisRescheduling #CannabisPolicy #FederalCannabis #TDRCannabis #MarijuanaMoment #CannabisNews #CannabisInvesting #CannabisReform #DEARescheduling #FlowhubWant to see more Cannabis Reform videos?   • Inside the Politics of Rescheduling | TDR ...     • Why Cannabis Is Headed for a Market Re-Rat...     • Trump Sets January Deadline for Cannabis R...     • What Really Happened Thursday in Cannabis ...  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] 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...
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6 MIN