Shadd Dales and Anthony Varrell break down two high-impact cannabis stories this week—one from Canada, the other from Texas.First up, Rubicon Organics (TSXV: ROMJ) is showing real financial progress. The company reported $12.4 million in Q1 revenue, a 39% year-over-year increase, and posted $0.7 million in adjusted EBITDA, turning around last year’s loss. Rubicon also captured 5.1% of Canada’s premium flower and pre-roll market and 14.7% of the resin vape category—clear signs that its disciplined, brand-first strategy is working in a market still under pressure from excise taxes and oversupply.Shifting to the U.S., Texas lawmakers are pushing forward with Senate Bill 3, a sweeping hemp ban that could dismantle the legal market. Thomas Winstanley, EVP of Edibles.com, joins the show to break it down. He warns the bill could eliminate 6,300+ small businesses, wipe out 40,000 jobs, and fuel a dangerous gray market—while doing little to protect consumers.This episode covers policy, profits, and the real stakes of poor legislation.0:00:00 Podcast IntroductionMargaret Brodie Interview0:02:24 Rubicon Organics Q1 Earnings0:03:37 Financial Performance and Strategy0:10:19 All-in-One Vape Product Strategy0:12:55 Market Trends and Product Categories0:13:47 Government and Regulatory Outlook0:22:37 International Export Opportunities0:28:23 Introduction of Canadian Excise Tax discussion0:30:13 Thomas from Edibles.com joins the podcast0:31:57 Texas SB3 & hemp product ban0:40:40 Potential solutions for Texas hemp0:45:02 Potential impact of THC rescheduling0:49:39 Proposed solutions hemp regulation0:55:43 Hemp industry normalization0:57:29 Tariffs & Upcoming Interviews1:00:49 Outro#CannabisNews #RubiconOrganics #TexasHempBan #CannabisPolicy #HempIndustry #CannabisInvesting #CannabisStocks #EdiblesCom #TradeToBlackWant to see last week's recap? • Texas Hemp Ban, SAFE Banking Turmoil & Cur... Want to see more Cannabis Reform videos? • Why Is Federal Cannabis Legalization Takin... • How the Government is holding back the Mar... • Senator Tillis Pushes Back on Trump’s Phar... • What Trump Could Announce in US-Canada Dea... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comAll views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...
