January 9, 2026
Built by a former cannabis regulator, Policy, Decoded helps operators read the policy terrain before it shifts beneath their feet.
Today’s edition tracks Congress choosing stability on medical cannabis while leaving rescheduling to the administration, a clean hedge with real downstream stakes. We also cover hemp THC forcing the channel question into the open, and Massachusetts posting record sales as the work shifts from headlines to governance.
This briefing is supported by our day job at THC Group and by The Hybrid podcast with former regulators Shawn Collins and Erik Gundersen.
🏛️ Appropriations hedging
🛒 Mainstream shelf pressure
💵 Governance season
Enjoy your weekend.
