#142 - Is California Cannabis Going Global? Glass House Brands President Graham Farrar on NYSE Up-listing & Schedule III

The federal government has officially rewritten the history books by shifting medicinal cannabis to Schedule III—and Glass House Brands is making a massive, unprecedented chess move to capitalize on it. **About This Episode** In this episode of *High Spirits*, hosts **Ben Larson** & **AnnaRae Grabstein** sit down with **Graham Farrar**, Co-Founder, President, and Chief Cannabis Officer of Glass House Brands. Graham breaks down Glass House’s recent structural deconsolidation to position itself as a 100% medicinal company ready for a historic NYSE up-listing. The trio dives deep into why the DEA's recent actions aren't standard bureaucracy, how the Dormant Commerce Clause will eventually force a 50-state open market, and why the West Coast is uniquely positioned to dominate the global cannabis stage. **What You’ll Learn** - **The Deconsolidation Strategy**: Why Glass House split its retail operations from cultivation to align with federal Schedule III protections and target a major US stock exchange listing. - **Reading the DEA’s Playbook**: Inside the unexpected speed, proactive drug code updates, and "pendency rules" that show the current administration’s true intention to move fast. - **The Dormant Commerce Clause & Interstate Trade**: Why state-level protectionism will inevitably fall, and how shipping bulk, non-final form cannabis circumvents current regulatory gridlocks. - **The European Premium**: Graham's key takeaways from Berlin on why international markets are willing to pay a premium for California culture and sun-grown genetics. **Meet the Guest** **Graham Farrar** is the President, Co-Founder, and Chief Cannabis Officer of **Glass House Brands** (NEO: GLAS.A.U) (OTCQX: GLASF), one of the largest vertically integrated cannabis companies in the United States. A serial entrepreneur and tech alumnus (including being part of the founding teams at Software.com and Sonos), Graham has spent the last decade building Glasshouse into a powerhouse that operates the largest legal greenhouse facility in the world in Carpinteria, California. Beyond cannabis, he is a dedicated music enthusiast who served on the board of the Santa Barbara Bowl for 18 years. **Why Tune In?** If you are an operator, investor, or executive waiting for "the other shoe to drop" on scheduling, this episode is a blueprint for proactive leadership. Learn how the biggest players are shifting from a defensive posture to an offensive, global scale strategy before the ink on federal reform is even dry. Have a question for us? Send us a text. We may answer it in the next show! -- High Spirits is brought to you by Vertosa and Wolf Meyer. Your hosts are Ben Larson and AnnaRae Grabstein. Follow **High Spirits** on LinkedIn. We'd love to hear your thoughts. Who would you like to see on the show? What topics would you like to have us cover? Visit our website www.highspiritspod.com and listen to all of our past shows. **THANK YOU** to our audience. Your engagement encourages us to keep bringing you these thought-provoking conversations.  Remember to always stay curious, stay informed, and most importantly, keep your spirits high.