Texas Issues Largest Round of TCUP Licenses | TTB Weekly Recap

10:47 minute TDR podcast

https://www.youtube.com/watch?v=lYkuu7CBwfw

In this week’s episode of TDR Trade to Black, presented by Dutchie, host Shadd Dales walks through key developments in U.S. cannabis policy, state regulatory updates, and business activity across the sector. The guiding question for the episode is: Do these developments reflect broader policy momentum, or are they simply incremental steps in a longer process?

The episode opens with new filings submitted to the U.S. Supreme Court. Americans for Prosperity Foundation, the Cato Institute, and the Pacific Legal Foundation have urged the Court to revisit Gonzales v. Raich, arguing that federal authority under the Commerce Clause may not extend to cannabis operators whose activities do not cross state lines. If the Court agrees to hear the case, it would represent the most significant constitutional review of federal marijuana law in nearly twenty years.

The conversation then moves to Texas, where regulators issued nine conditional licenses under the Texas Compassionate Use Program (TCUP). This marks the largest expansion in the program’s history. Among those receiving conditional approval are Trulieve (OTCQX: TCNNF) and Verano Holdings (CBOE CA: VRNO). With additional qualifying conditions added, Texas is making gradual progress toward a more developed medical cannabis framework.

Shadd also highlights a new University of Maryland study showing cannabis regulators are significantly more likely than alcohol regulators to prioritize public-health goals.

The business roundup includes updates from The Cannabist Company (CBOE CA: CBST | OTCQB: CBSTF), Curaleaf (TSX: CURA), Village Farms International (NASDAQ: VFF), High Tide Inc. (NASDAQ: HITI), Trulieve (OTCQX: TCNNF), Incannex Healthcare (NASDAQ: IXHL), and FLUENT Corp. (CSE: FNT.U).