October 3, 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, the consulting firm that gets shit done, and The Hybrid podcast. Each episode at the intersection of cannabis policy, culture, and strategy.
Michigan’s 24% wholesale tax became law in a late-night budget vote that ended shutdown threats but left operators facing one of the harshest tax structures in the country. Oregon wholesalers are reviving dormant commerce clause challenges to open interstate markets despite federal prohibition. And Nebraska’s medical rollout has descended into political interference and restrictive regulations that undercut the voter mandate, raising questions about whether the state is undermining its own program before it starts.
🚨 Michigan’s 24% tax showdown
⚖️ Oregon export fight revived
🏛️ Nebraska rollout sabotaged
Start the day informed. Stay ahead. Have a great weekend.