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November 3, 2025
Built by a former cannabis regulator, Policy, Decoded cuts through noise and keeps you ahead of the decisions shaping regulated markets.
Florida is sitting on verified signatures and choking a ballot measure through procedure rather than persuasion, proving again that power often wins before voters even show up. In Washington, Congress blinked on the hemp ban and bought itself time under the polite cover of a “study” - a familiar move when lawmakers want outcomes without fingerprints. And across the states, regulators are stretching guidance into law, loopholes into markets, and enforcement into politics.
Today’s edition is supported by I Hate It Here and Mindstream. It’s Monday. Eyes up. The decisions happening now set the tone for the quarter. Let’s get to work.
📌 Florida freezes ballot review
🌾 Hemp ban becomes study period
🏛️ States test the edges of authority
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