Marc Cohodes on Mitch’s Hemp Reversal and Rescheduling
This week’s Trade to Black podcast featured a high-octane return from former hedge fund manager Marc Cohodes amid escalating speculation over federal cannabis reform and rescheduling. With recent public comments from Mitch McConnell and an apparent communications push from high-profile MAGA influencers, Shadd Dales, Anthony Varrell, and Cohodes dove deep into what may be a coordinated strategy behind cannabis rescheduling.
This latest episode with Cohodes breaks down a major shakeup in Washington on Senator Mitch McConnell’s latest statements. The same lawmaker who helped legalize hemp back in 2018 is now backing a proposal that could effectively ban most consumable hemp products.
It’s a surprising turn—and one that’s raising serious concern across the cannabis and wellness sectors. But here’s where it gets even more important: this move may end up doing more than just disrupting the hemp market. It could become the trigger that finally forces Congress to address comprehensive cannabis reform.
We’ll break down what the proposed hemp ban actually includes—and why it targets much more than Delta-8. We’ll also examine how this could impact popular wellness products like full-spectrum CBD and how all this ties into the upcoming September 30 crypto regulation deadline, opening a legislative window for cannabis banking.
Cohodes believes that rescheduling is not only popular but strategically beneficial. He argued that a national cannabis framework could weaken Mexican cartels, reduce fentanyl trafficking, and serve as a wedge issue for Republicans to modernize their image.
On the business side, Cohodes remained bullish on Glass House Brands and predicted the market would rapidly react to a rescheduling announcement. He called for industry unity, criticizing MSO infighting—particularly singling out GTI’s Ben Kovler—and urging leaders to cooperate to push reform. Varrell echoed the need for leadership alignment to finally break through political inertia.
Be sure to tune in for the full interview with Marc Cohodes.
