September 16, 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 us - THC Group. We advise leading companies at the intersection of cannabis, hemp, alcohol, and AI. Interested in reaching this audience? Sponsorship opportunities are available - reply to this email to learn more.

House Republicans voted to strip their own president’s authority on cannabis rescheduling. California regulators moved to permanently ban hemp products with any detectable THC. Maryland courts cleared the way for hemp crackdowns after a two year freeze. Delaware launched a milestone based equity grant program, New York scheduled its first psilocybin hearing, and Verano prepared to move its corporate home from Canada to Nevada. At the same time unions are reshaping the industry’s political future with resources that far exceed what cannabis trade groups can deploy.

šŸ›ļø House GOP blocks Trump on rescheduling
🚫 California hemp ban takes shape
✊ Labor emerges as cannabis’s new power broker

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