Options Trading Cannabis & Psychedelics + Farm Bill Debate
In our latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell break down two conversations that are front and center right now: how to approach options trading in cannabis and psychedelic stocks, and the growing debate around the Farm Bill and hemp regulation. In segment one, Matthew “Whiz” Buckley — former Top Gun fighter pilot and founder of Top Gun Options — joins the show to talk specifically about options trading in catalyst-driven markets for psychedelics. With psychedelics moving after President Trump’s executive order on research, and cannabis stocks still reacting to rescheduling, volatility is back across both sectors. Buckley walks through how traders should be thinking in these environments, what tends to get overlooked, and how to better prepare when markets start moving quickly around policy-driven headlines. In segment two, Michael Bronstein, President of the American Trade Association for Cannabis & Hemp, joins for the Insider’s Edge.
The week opens with rapid-fire overview of a landmark week in cannabis and psychedelics. Rescheduling has officially taken effect and the DEA is preparing to open a medical marijuana dispensary registration portal on Wednesday at 9 a.m. Eastern. The Treasury Department had already issued preliminary tax guidance, and both hosts noted that while some observers were reading the executive order language as a potential pathway to interstate commerce and EU exports for multi-state operators, that interpretation remains speculative ahead of the June 29th ALJ hearing.
Options trading educator Matthew “Whiz” Buckley, founder of Top Gun Options, joined the show to walk investors through disciplined approaches to the volatility gripping cannabis and psychedelics stocks. Buckley flagged Compass Pathways’ expected NDA submission as the clearest near-term catalyst for the sector, noting that FDA Commissioner Marty McCarrey signalled a fast, rolling review process, with approval potentially coming within weeks of submission.
Michael Bronstein, president of the American Trade Association for Cannabis and Hemp, called the DEA registration portal a historic reversal for an agency that has long been the industry’s chief antagonist. He and Varrell flagged that social equity licensees — most of whom hold adult-use rather than medical licenses — could be disproportionately disadvantaged by the current framework until the ALJ hearing provides further clarity on recreational cannabis.
It’s an episode you won’t want to miss.
