This week’s TDR Trade to Black Weekly Recap, presented by Dutchie, covers a moment that feels like a real inflection point for the cannabis industry.At the top of the list is new reporting from The Washington Post and CNBC showing the Trump administration is actively moving toward rescheduling cannabis at the federal level. Internal discussions are focused on Schedule III — a shift that wouldn’t legalize cannabis outright, but would eliminate IRS 280E, expand federally regulated research, and materially change how U.S. cannabis companies operate and report earnings. It’s the biggest federal policy signal the industry has seen in decades.Beyond Washington, the recap hits several other stories that matter. Pennsylvania’s adult-use debate remains stuck in the Senate, while Kentucky is finally rolling out its long-awaited medical cannabis program. We also break down new federally funded research published by the American Medical Association showing medical cannabis patients reduced opioid use over time — another data point that’s getting harder for policymakers to ignore.On the business side, Trulieve Cannabis Corp. (CSE: TRUL | OTCQX: TCNNF) raised US$100 million to support expansion, while High Tide Inc. (Nasdaq: HITI | TSXV: HITI) pushed its retail footprint to 218 stores. LEEF Brands Inc. (CSE: LEEF | OTCQB: LEEEF) cleaned up most of its long-term debt, and Cronos Group Inc. (NASDAQ: CRON | TSX: CRON) made a bold move into Europe through the Netherlands’ regulated adult-use pilot. We also cover growth plans from Grown Rogue International Inc. (CSE: GRIN | OTC: GRUSF) and a new social-equity partnership from Ascend Wellness Holdings (CSE: AAWH.U | OTCQX: AAWH).Hosted by Shadd Dales, this week’s recap connects the dots between federal momentum, state-level action, medical research, and how companies are positioning for what could be a very different cannabis landscape heading into 2026.#TradeToBlack #CannabisNews #CannabisRescheduling #CannabisPolicy #CannabisStocks #FederalReform #MedicalCannabis #CannabisIndustry #CannabisStocks #DutchieWant to see more Cannabis Reform videos?   • Why Cannabis Messaging Needs a Reset | TDR...     • What Cannabis Rescheduling Actually Means ...     • Texas Tightens Hemp Rules as Med Program E...  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.comPodcast 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...