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November 6, 2025
Built by a former cannabis regulator, Policy, Decoded helps operators see the policy terrain before it shifts beneath their feet.
Democrats claimed key statehouses, giving Virginia and New Jersey a second chance to finish what they started. But while the political winds shift, the corporate fight over hemp beverages has gone thermonuclear. Coca-Cola and Nestlé just joined the lobbying coalition pressing Congress to ban THC drinks entirely, aligning with alcohol and MSO interests to freeze the market until incumbents can control it.
Our featured THC Group analysis unpacks how that coalition formed, what’s at stake, and why “regulation” has become code for “delay until acquisition.” And one quick correction from yesterday’s edition: the Wine & Spirits Wholesalers of America did not sign the hemp ban letter. That was my acronym mistake.
Today’s edition is supported by Go-To-Millions and Fintech Takes.
It has been a busy shutdown.
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