On today’s Trade To Black Podcast with hosts Shadd Dales and Anthony Varrell, presented by Dutchie, we’ll examine why this potential announcement is less about celebrity endorsements and more about the political dynamics between Republicans and Democrats.
For years, Democrats campaigned on cannabis reform, but during former President Joe Biden’s term, meaningful progress never materialized — even with full control of Congress. Rescheduling, SAFE Banking, and decriminalization stalled. Today, Shadd and Anthony will outline why they believe Trump’s potential move is a political play that highlights Democratic inaction and incompetence rather than cultural momentum.
Alongside that discussion, we’ll cover three major cannabis stories making headlines:
• Republican National Committee Chairman backs legalization → In a surprising shift, the new RNC leader has publicly supported marijuana legalization, signaling how far Republican attitudes toward cannabis have moved.
• Maryland Governor Wes Moore’s cannabis joke → Moore pointed out that marijuana legalization received more votes than he did on the ballot, a reminder of just how popular reform has become with voters.
• Florida court win for legalization campaign → A federal judge ruled in favor of cannabis advocates, striking down restrictions that threatened to block legalization initiatives from reaching the ballot.
We’ll also discuss the economic side of rescheduling, including how a move to Schedule III would eliminate 280E tax burdens, improving profitability for operators and strengthening investor confidence.
If rescheduling is announced, it won’t just be policy — it will be a political turning point with lasting consequences.
0:00:00 – Intro
0:02:43 – Democrats Drop the Ball
0:05:17 – Intensified Chatter Around Rescheduling
0:10:29 – Bill Maher’s Commentary & Political Strategy
0:12:11 – DEA’s Reluctance & Historical Context
0:13:54 – RNC Chair Joe Gruders Appointment
0:15:53 – Industry Impact of Rescheduling & States 2.0
0:20:07 – International Market & Medical Focus
0:21:03 – Research and Infrastructure Post-Rescheduling
0:23:18 – Florida’s Amendment Three & Ballot Initiatives
0:27:29 – Maryland’s Legalization Success & Governor Wes Moore
0:28:19 – Texas Cannabis Reform Dynamics
0:31:51 – Industry Moves on Announcements & Investor Sentiment
0:33:34 – ETF MSOs & Market Mechanics
0:36:03 – Crypto & Financialization Parallels
0:37:11 – Psychedelics & Emerging Industries
0:40:21 – Company-Specific Discussion (Tilray, SNDL, etc.)
0:41:14 – Upcoming Interviews & Political Guests
0:45:32 – Industry Conferences & Networking
0:50:23 – Closing Remarks
#CannabisRescheduling #TradeToBlack #CannabisPolicy #USPolitics #BillMaher #CannabisIndustry #Dutchie #CannabisReform #CannabisStocks #MarijuanaMoment
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