Is there something to celebrate in cannabis investments? In our latest Trade to Black podcast, hosts Shadd Dales and Anthony Varrell discuss how stocks are catching a bid amid speculation surrounding Weldon Angelos’s visit to the White House. GUAP and Dan from the Chart Guys discuss the strong movers and technicals. Plus we also break down the latest news in the space.
Cannabis investors saw strong movement in marijuana stocks yesterday, with major names making notable gains. Among some of the companies enjoying a surge were Ayr Wellness (AYRWF), Verano Holdings (VRNOF), TerrAscend (TSND), and Jushi Holdings (JUSHF), along with industry giants Trulieve (TCNNF) and Green Thumb Industries (GTBIF).
This stock rally coincided with Weldon Angelos’ visit to the White House—perhaps a sign that change is on the horizon. Certain news outlets in the space are suggesting that there may finally be signs that Trump’s administration is ready to talk rescheduling. However, skepticism remains. While momentum is building, the DEA is unpredictable, and newly introduced bills face significant legislative hurdles.
The team welcomes back Dan from The Chart Guys to analyze whether this upswing signals a bottom or is just another head fake. What cannabis stocks are showing strength? What support levels should traders watch? And how should cannabis investors approach the price action?
In Texas, Attorney General Ken Paxton’s continued assault on cannabis decriminalization is escalating. A recent court ruling overturned Austin’s three-year-old policy, and Paxton is actively blocking local jurisdictions from placing pro-cannabis initiatives on the ballot. Texas appears to be “going to war with cannabis,” especially as the state simultaneously delays meaningful expansion of its teacup medical program.
This crackdown echoes moves in Florida and Ohio, where politicians are undermining voter-passed measures with restrictive laws and tax changes. Guap and Anthony discuss how these conservative efforts contradict the rhetoric of personal freedom, especially when states like North Carolina appear more open to common-sense cannabis regulation.
This and more, in this episode.
