Trade To Black Podcast is back with another jam-packed episode as hosts Anthony Varrell and Shadd Dales are joined by special guest Michael Bronstein, President of ATACH (American Trade Association for Cannabis and Hemp), to break down three of the biggest storylines shaking up the cannabis industry: Tilray’s reverse split, the new sheriff in charge of California cannabis, and the U.S. Supreme Court’s pending review of key cannabis cases.We start with Tilray Brands’ (TLRY) latest reverse stock split—why it happened, what it means for share structure, exchange compliance, ETF inclusion, and broader sentiment toward cannabis equities. Anthony and Shadd walk through how this move fits into the consolidation trend across the sector, while Michael adds the policy and institutional lens on how capital markets are treating U.S. vs. Canadian operators.Then we head to California, where there’s effectively a new sheriff running the cannabis industry with a tougher posture on enforcement, illicit markets, and regulatory compliance. Is this the turning point California’s legal market needs? We unpack the impact on operators, taxes, pricing, and whether real reform can finally level the playing field against the legacy market.Finally, Michael Bronstein helps decode the Supreme Court’s upcoming look at several cannabis-related cases—from federal preemption and 280E implications to interstate commerce and states’ rights. Could these cases open the door to broader reform, or tighten federal constraints on the industry?Whether you’re a cannabis investor, operator, lawyer, or policy nerd tracking MSOS, TLRY, CURLF, GTII, TRUL, and VRNOF, this episode delivers high-level insight from one of the industry’s top policy voices.