TDR: Biggest Cannabis Developments of the Week – January 27th

This weeks episodes includes a pivotal moment for the cannabis industry, with major developments unfolding at both the state and federal levels. RKF’s hearing appears to be on track for confirmation as Secretary of Health and Human Services, marking another win for the Trump administration. RFK has advocated for cannabis rescheduling and even potential descheduling, but the process is far from complete. The DOJ and DEA now hold the power to make the next move, keeping the industry waiting for further clarity. Meanwhile, Ohio’s cannabis market is facing significant legislative changes. Senate Bill 56 proposes raising cannabis taxes from 10% to 15%, reducing home-grow limits, banning social equity programs, and capping dispensaries at 350 locations. These measures could reshape the market, limiting opportunities for small businesses and pushing cannabis prices higher. In Virginia, lawmakers are advancing a bill to regulate adult-use cannabis sales by 2026, despite previous vetoes from Governor Glenn Youngkin. Kentucky, on the other hand, is seeing growth in its medical cannabis program, with 2,200 approved cardholders so far. On the business front, High Tide continues to dominate the Canadian cannabis retail space, boasting record-breaking revenue of $138.3 million in the latest quarter. Similarly, C21 Investments defied Nevada’s market slump, posting a 5.3% revenue increase. In Hawaii, a massive 311-page bill proposes comprehensive cannabis legalization, allowing adult-use sales, medical cannabis expansion, and hemp regulation. If passed, the state could become a major player in cannabis tourism. Finally, in Florida, a new bill could allow medical cannabis patients to grow up to two plants while imposing strict hemp regulations, potentially reshaping the market. With RFK’s confirmation looming and cannabis rescheduling still uncertain, the Trump administration’s stance on cannabis reform remains a key factor. The industry now turns its focus to the Senate Banking Committee hearing this week, where the future of SAFE Banking legislation hangs in the balance. #CannabisIndustry #CannabisRescheduling #CannabisNews #TrumpAdministration #RFKJr #hightide #SAFEBanking #CannabisLegalization #CannabisStocks 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 All views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...