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September 3, 2025
Built by a former cannabis regulator, Policy, Decoded is your high-signal daily briefing for operators, investors, and policymakers navigating the collision of law, regulation, and business.
Today’s edition is supported by The Daily Upside and 1440 Media, two independent reads that keep leaders informed beyond the headlines.
Congress ordered the Alcohol and Tobacco Tax and Trade Bureau to evaluate the “adequacy” of state cannabis frameworks, a move that looks like policy study but functions as regulatory rehearsal. RFK Jr. is leveraging Colorado’s psilocybin program to build the evidence base for a federal medical push. Nebraska regulators imposed restrictive rules that clash with voter intent, California’s Glass House renewed 25 permits despite an expired labor agreement, and operators are turning to Article 9 asset seizures as bankruptcy alternatives. GOP lawmakers want cannabis waivers for military recruits, High Tide’s German deal already faces compliance fire, and our deep dive looks at how THC beverages are moving onto draft lines, colonizing alcohol’s cultural infrastructure as consumption declines.
🏛️ Track Congress’s quiet preparation for federal oversight
💰 Follow restructuring, debt, and capital plays
🍺 Watch cannabis beverages replace alcohol in cultural spaces
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