What does real capital flow actually look like in the U.S. cannabis industry right now — beyond market narratives and headlines?In this edition of TDR Cannabis in Five, host Shadd Dales walks through newly released funding data from FundCanna to better understand how cannabis operators are accessing and deploying capital as the industry moves deeper into 2026.The dataset spans thousands of applications across dozens of U.S. states and offers a grounded look at where demand remains steady, where it has moderated, and how capital usage has evolved across the sector. Rather than pointing to stress or contraction, the numbers suggest a shift toward more deliberate and targeted financing.Funding activity is spread across nearly every vertical — including vertically integrated operators, retail, cultivation, manufacturing, hemp, and ancillary services. Average deal sizes remain measured, terms are structured, and capital is largely being used for core operational needs such as inventory, payroll, and working capital.Geographically, businesses in 43 states have accessed funding, reinforcing that financing demand extends well beyond legacy markets. Even in a year marked by relatively flat macro growth, capital continues to support day-to-day operations and incremental expansion.Taken together, the data points to an industry that is operating with greater financial discipline. Capital is still moving, but in more controlled amounts and with clearer use cases — reflecting a more mature phase of development under continued federal constraints.#CannabisIndustry #CannabisFinance #CannabisInvesting #FundCanna #CannabisCapital #CannabisOperators #CannabisMarkets #Cannabis2026 #CannabisBusiness #TDRCannabisWant to see last week's recap? • Hemp Politics, State Legalization, and Cap... Want to see more Cannabis Reform videos? • Alcohol Rules Change While Cannabis Stays ... • Proposed Hemp Extension Faces Ongoing Unce... • The $4 Billion Problem Facing U.S. Cannabi... 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.comPodcast Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...
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