In the latest episode of Trade To Black presented by Flowhub, host Shadd Dales and Anthony Varrell break down the latest developments emerging from today’s Farm Bill hearing in Washington, where lawmakers are debating how hemp and cannabis policy could be redefined moving forward.
There’s a lot riding on what happens in this bill on how hemp-derived cannabinoids will be regulated.
Then we turn to Michigan, where the cannabis market is dealing with growing political pushback. Eight bipartisan state senators are now moving to repeal the state’s newly implemented 24% cannabis wholesale tax, which was layered on top of the existing excise and sales taxes.
Adam Stettner, CEO of FundCanna joins us to outline that tax was projected to generate roughly $421 million annually, but early numbers suggest operators are already feeling the pressure.
January dispensary sales fell 8.3% year-over-year, even as product volume reached record highs — a clear sign that operators are selling more cannabis for less money in one of the most competitive markets in the country.
In segment two, Flowhub CEO Kyle Sherman joins the podcast to highlight some key industry statistics, including the fact that 47% of Americans have tried cannabis, adult-use cannabis is now legal in 24 states, and the U.S. cannabis industry is expected to reach nearly $47 billion in 2026.
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00:00:00 Intro: MSOS Price Action & Cannabis Rescheduling Talk
00:05:12 Michigan Cannabis Market: Introducing FundCanna CEO Adam Stettner
00:07:25 Michigan’s 24% Cannabis Wholesale Tax: Why Repeal Is on the Table
00:09:10 40% Effective Cannabis Tax in Michigan: Price Compression & Black Market
00:15:33 How to Fix Michigan Cannabis Oversupply & Unlimited Licenses
00:18:40 How Lenders Underwrite Risk in Michigan’s Cannabis Market
00:26:12 Michigan Cannabis Sales: ~$3B Market, Border Shoppers & Ohio Impact
00:29:40 12–18 Month Outlook: Michigan Cannabis, Schedule III & SAFE Banking
00:34:26 U.S. Cannabis Industry Forecast: Up to $47B Revenue by 2026
00:36:11 Cannabis Operators’ Reality: Profitability, Consolidation & Exhaustion
00:45:00 Cannabis E‑Commerce & Delivery: Regulations vs Profitability
#CannabisIndustry, #FarmBill, #CannabisPolicy, #MichiganCannabis, #CannabisTaxes, #CannabisEconomy, #CannabisBusiness, #CannabisMarket, #CannabisNews, #CannabisInvesting
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