In the latest Trade To Black Weekly Recap presented by FRE Pouch, Shadd Dales breaks down one of the most important weeks the cannabis industry has seen in decades.
The headline—cannabis rescheduling is now official. The Department of Justice, led by Acting Attorney General Todd Blanche, has moved certain cannabis products from Schedule I to Schedule III. It’s a major shift—but not across the board. Medical cannabis operators stand to benefit immediately, while adult-use remains federally illegal.
From there, we shift to Virginia, where Governor Abigail Spanberger now faces a key decision that could determine whether adult-use cannabis sales launch in 2027—or get delayed again.
We also look at federal momentum, with Hakeem Jeffries saying the votes exist for reform, while Cory Booker continues pushing for full legalization beyond rescheduling.
On the business side:
* Green Thumb Industries (CSE: GTII / OTCQX: GTBIF) expanding its share buyback program
* High Tide (NASDAQ: HITI / TSXV: HITI) investigating potential stock manipulation
* Ascend Wellness Holdings (CSE: AAWH / OTCQX: AAWH) advancing social equity retail
* Incannex Healthcare (NASDAQ: IXHL) gaining attention in psychedelics
We also touch on a new retail trend—how GLP-1 drugs like Ozempic are starting to impact cannabis consumption patterns.
Big week. A lot changed.
But the bigger story?
What happens next.
00:00:00 – Intro
00:00:53 – Cannabis Rescheduling is now official
00:03:49 – Virginia Adult-use Market Update
00:05:23 – Hakeem Jeffries “Votes Exist”
00:05:55 – Booker Entered Cannabis “Again”
00:06:20 – Hemp vs Cannabis Conflict
00:07:46 – Minnesota’s Youth Cannabis Access Data
00:08:19 – Market Reaction
00:08:27 – GTI Buyback Expansion
00:09:02 – High Tide Stock Investigation
00:09:39 – Ascend Wellness Social Equity Dispensary
00:10:03 – Incannex PSX-001 Therapy Momentum
00:10:36 – GLP-1 Impact on Cannabis
00:11:20 – Closing Thoughts
#TradeToBlack #CannabisNews #CannabisRescheduling #ScheduleIII #CannabisStocks #280E #Flowhub #Psychedelics #MarketUpdate #ShaddDales
Want to see more Cannabis Reform?
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