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In our latest Trade To Black podcast, host Shadd Dales and Anthony Varrell tee up a powerful episode featuring Jim Higdon, CEO of Cornbread Hemp, and Anthony Coniglio, CEO of NewLake Capital (OTCQX: NLCP). Jim Higdon takes us inside the growing tension between the hemp and cannabis industries—two sectors that share the same plant but play by very different rules. Higdon discusses the regulatory gray area that continues to frustrate licensed cannabis operators, particularly when it comes to synthetic cannabinoids like Delta-8 and Delta-10, which are being sold with little to no oversight. He explains why Cornbread Hemp has taken a different route—focusing strictly on compliant, full-spectrum CBD products—and how the hemp industry can clean up its own act before federal reform steps in. Jim also shares what he believes needs to change in the next version of the Farm Bill to create a level playing field. Later, Anthony Coniglio joins us to address the wave of lease defaults in the cannabis industry, shedding light on what’s really happening in the capital markets. 0:00:00 – Podcast Intro Jim Higdon Interview 0:02:04 – Jim Higdon's role at Cornbread Hemp 0:05:55 – Hemp Industry Sentiment 0:09:16 – State Regulatory Hurdles 0:11:33 – D.C. Cannabinoid Confusion 0:12:46 – Misread Farm Bill 0:15:06 – Education & Synthetics 0:22:39 – Hemp vs Cannabis 0:31:32 – Texas Law Changes 0:34:55 – Farm Bill Revisions 0:38:06 – Interview Wrap-Up Anthony Coniglio Interview 0:41:00 – Anthony Introduction 0:41:13 – Hemp Rules & Intoxicants 0:44:05 – Cannabinoid Regulation Issues 0:45:08 – Lease Defaults & Risks 0:49:10 – Rental Rates Struggles 0:52:07 – GCRs Conference Recap 0:54:14 – Industry Consolidation Trends 0:59:15 – Recruiting Cannabis Talent 1:02:15 – Long-Term Industry View 1:04:52 – Interview Takeaways #CannabisIndustry #Hemp #CannabisReform #CannabisNews #CannabisStocks #MarijuanaIndustry #CBD #BusinessNews #CannabisTrends #CannabisCommunity Want to see the last week's recap? https://youtu.be/oQ_WTNl5hVU Want to see more Cannabis Reform videos? https://youtu.be/UyYjK5NHKtM https://youtu.be/bmFIkQfBSmQ https://youtu.be/m-7vWOztw5k https://youtu.be/R5hASyQ2hmA Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter! https://newsletter.thedalesreport.com/subscribe Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web: Facebook: https://www.facebook.com/TheDalesReport Twitter: https://twitter.com/TheDalesReport Instagram: https://www.instagram.com/dalesreport LinkedIn: https://www.linkedin.com/company/the-dales-report/ Apple Podcasts: https://tinyurl.com/TDRTradetoBlackonApplePodcasts Spotify: https://tinyurl.com/TDRTradeToBlackonSpotify Website: https://thedalesreport.com/ For copyright matters, please get in touch with us at: [email protected] All 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-terms-of-use/

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