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The cannabis industry may be entering a very different chapter.

In this episode of Higher Exchanges, Jesse Redmond and Morgan Paxhia break down their biggest takeaways from the Benzinga Cannabis Capital Conference in Chicago and discuss why the industry’s long-term outlook may be improving—even as public cannabis stocks continue to struggle.

They cover:

Why this year’s conference felt different
Why an uplisting isn’t a magic bullet for valuations
How DEA manufacturing registrations could accelerate interstate commerce and international exports
Why exports may arrive sooner than many investors expect
Virginia’s path toward adult-use legalization
Vermont’s interstate commerce legislation
Why low-cost production and scale could become major competitive advantages

Whether you’re an investor, operator, or simply following the evolution of the cannabis industry, this episode provides practical insights into the trends that could shape the next phase of growth.