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The US Medical Marijuana Industry Can Learn This From Germany

By Shadd Dales On Mar 4, 2025

Hosts Shadd Dales and Anthony Varrell kick off the Trade To Black podcast for March 3, 2025 by recapping some of the latest earnings reports from last week. Jamie Pearson, a leader in Germany’s cannabis market, joins the podcast to explain the differences between the US and German medical markets, and what the US could learn about cannabis from Germany. Also, Michael Bronstein, President of the American Trade Association for Cannabis and Hemp joins us once again for our weekly “Insider Edge” feature.

Shadd and Anthony Varrell take a closer look at the financial performance of the major multi-state operators who have recently reported their earnings. Among the reports, we have highlights and key takeaways on the earnings summaries of GTI, Verano, and Trulieve.

Briefly: GTI stands out for its solid balance sheet, and Trulieve’s margins remain strong despite concerns over tax liabilities. Verano, on the other hand, faces struggles with a major financial loss and declining stock value. The conversation also touches on Glass House’s recent refinancing deal, which extends debt until 2030, positioning them for long-term stability. Not only will we dive into the reports, we will also touch on the reasons why the top MSO’s in the cannabis industry also make up over 70% allocation of AdvisorShares ETF MSOS.

Jamie Pearson is the former CEO of Bang and now an international cannabis consultant, joining for an in-depth discussion on the German cannabis market. Germany has integrated medical cannabis into its healthcare system, allowing patients to receive prescriptions through traditional pharmacies. Telemedicine and delivery services like Uber Eats have fueled rapid patient growth, with registered users rising from 250,000 to 800,000 in just 11 months. Germany’s approach eliminates the need for medical cards and explains why institutional investors are eyeing the market.

Michael Bronstein, President of the American Trade Association for Cannabis and Hemp joins us once again for our weekly “Insider Edge” feature. He’ll cover recent developments in adult-use cannabis, whether negotiations have begun in the State Senate with Governor Josh Shapiro, and the rise of hemp products at the state level. This and more when you tune in.

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Shadd Dales

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.