💸 The Tape

Rep. Andy Harris (R-MD) seems to be on a mission to shut down your favorite hemp-derived gummy—but don’t expect him to lose sleep over it. The Republican congressman and chair of the House Appropriations Subcommittee on Agriculture is advancing a controversial provision in the 2026 federal spending bill that would effectively ban most consumable hemp products, including those with even trace amounts of THC.

His reasoning? Loophole abuse. Harris argues that “bad actors” are exploiting the 2018 Farm Bill—which legalized hemp with up to 0.3% delta-9 THC by dry weight—to peddle psychoactive substances never intended by Congress.

But here’s where things get sticky.

Despite claims that the legislation was “carefully drafted” to avoid targeting non-intoxicating products like CBD, the actual bill text still bans any product with a “quantifiable” amount of THC or any cannabinoid marketed as psychoactive. That definition alone could sweep up most of the industry—including products that are federally legal today and backed by lab testing, QR-coded COAs, and thousands of pages of regulatory compliance.

Even the Congressional Research Service had to backpedal, revising its report to remove language that initially said CBD itself would be banned—though the new version still warns the bill would “effectively prohibit hemp-derived cannabinoid products.”

So why the disconnect?

While a committee report tried to soften the blow with clarifying intent, the statutory language remains unchanged. That’s like writing “do not eat” on a box of cereal and handing out spoons—there’s plausible deniability, but the practical outcome is the same.

Adding fuel to the fire, Harris says he isn’t paying attention to what states like Texas are doing—despite Gov. Greg Abbott (R) recently vetoing a bill with similar goals, citing fears of constitutional challenges and economic destruction. “We can do better,” Abbott said, calling instead for a regulatory approach akin to alcohol oversight.

And he’s not alone. The Wine & Spirits Wholesalers of America—not exactly a hemp lobby—has urged Congress to ditch the ban and focus instead on regulating synthetic cannabinoids and reinforcing safety standards. They warn that the proposed federal approach could push a thriving industry back into the shadows, destabilizing a marketplace that 53,000 people depend on for employment.

Bottom line: Harris is doubling down on a hemp crackdown even as legal analysts, industry leaders, and bipartisan governors warn of its overreach. With the bill now headed to the House floor, all eyes are on the Senate—and whether cooler heads will rewrite the fine print before it vaporizes an entire sector of the American hemp economy.

📈 Dog Walkers.

$FFNTF ( 0.0% ) Fate Is Sealed

What’s Going On Here: 4Front Ventures (CSE: FFNT / OTC: FFNTF) has provided an update on its ongoing restructuring process. The company’s U.S. subsidiaries officially entered voluntary receivership in Massachusetts on May 22, 2025, and on June 20, the court appointed Opus Consulting Partners, LLC, led by Jacques Santucci, as the Receiver. The Receiver now holds wide-ranging powers to operate the business and pursue an orderly sale of assets to maximize creditor and stakeholder value. Stone Blossom Capital, led by Richard Ormond, has been brought on as a strategic advisor to assist with the process.

Concurrently, following the company's separate Canadian bankruptcy proceedings, Kris Krane (Chairman) and David Daily (Director) have resigned from the Board of Directors, effective immediately.

Stakeholders seeking more information on the U.S. receivership can contact the Receiver, while details on the Canadian bankruptcy are available via B. Riley Farber, Inc., the appointed trustee. Foley Hoag LLP is serving as the company’s legal counsel.

$TCNNF ( ▼ 3.03% ) Opens Another Florida Door

What’s Going On Here: Trulieve Cannabis Corp. (CSE: TRUL | OTCQX: TCNNF) has announced the grand opening of a new medical cannabis dispensary in Oakland Park, Florida, located at 301 West Oakland Park Boulevard. The dispensary officially opens on Saturday, June 28, with a celebration starting at 9 a.m., featuring special deals and patient education opportunities.

Open Monday–Saturday (9 a.m.–8:30 p.m.) and Sundays (11 a.m.–8 p.m.), the location will offer both walk-in service and express pickup.

CEO Kim Rivers noted the expansion reflects Trulieve’s commitment to increasing access to affordable, high-quality medical cannabis across Broward County.

The Oakland Park store will offer Trulieve’s in-house brands like Modern Flower, Muse, Sweet Talk, and Roll One, along with exclusive partner offerings from names like Alien Labs, Connected Cannabis, Khalifa Kush, and Seed Junky.

🗞️ The News

📺 YouTube

Mike Tyson Talks Trump & Cannabis Rescheduling | Trade to Black

What we will cover:

✅ Shadd Dales sits down with Mike Tyson for a no-filter conversation on cannabis reform, enforcement, and the business of building a global cannabis brand.

🔥 Part 1: Tyson shares what he’d tell Donald Trump if asked for advice on the cannabis industry — and breaks down his recent visit to the DEA. He also weighs in on federal rescheduling, and whether it’s a real fix or just the beginning of deeper reform.

🌿 Part 2: Tyson sounds off on the dangers of unregulated, street-level cannabis and why clean, tested products are crucial — especially for younger users.

🚨 Part 3: Tyson reacts to a recent DEA raid in California that forced farmworkers into hiding in triple-digit heat. His take on the outdated war-on-drugs mindset is a must-hear.

💼 Part 4: Tyson talks brand vision — what sets Tyson 2.0 apart, why authenticity matters, and where he wants to take the company next: new categories, global markets, and deeper into medical cannabis.

🥊 Part 5: Tyson gives his take on Crawford vs. Canelo and whether Netflix is about to take over the fight game.