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September 19, 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.
Todayās edition is brought to you by 1440 Media, your go-to for fact-focused news that helps you start and stay informed without spin.
Rep. Byron Donaldsā own record of second chances didnāt stop him from leading a House vote that strips D.C. youth of judicial discretion. The NCIA called for retroactive 280E relief even as companies experiment with ESOP tax strategies, while Kentucky patients still wait for access and Virginiaās program shows signs of strain. International headlines ranged from Canadaās slow-but-steady advantage to Germanyās import caps, while Venezuelaās cannabis denialism collided with a downed drug plane. Our deeper dive unpacks how lawmakers who once benefited from mercy now build systems designed to deny it.
šļø Congressmanās cannabis hypocrisy
š° NCIA pushes 280E retroactivity
š Global markets test scarcity and denial
Enjoy the weekend. Stay ahead.
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