October 1, 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 brought to you by THC Group and The Hybrid Podcast. Don’t miss the new episode with former operator Carl Giannone of Trade Roots - listen or watch wherever you get your podcasts.
Federal courts just confirmed states can demolish intoxicating hemp markets, Michigan lawmakers advanced a wholesale tax that could gut the industry, and Nebraska missed its cannabis launch deadline after political interference at the commission. Minnesota’s adult-use rollout is already tilting toward incumbents, Arizona is positioning for interstate cannabis commerce, and Michigan regulators forced a cultivator out after 41,000 pounds vanished from the books. From trade groups pulling hemp beverages into alcohol’s orbit to DC settlements giving gray-market shops a second life, today’s headlines show how fast the ground is shifting under both hemp and cannabis operators.
⚖️ Hemp loophole collapse
🚨 Michigan’s tax hammer
⏰ Nebraska misses launch
Start smarter. Stay ahead. Go Red Sox!