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October 20, 2025
Built by a former cannabis regulator, Policy, Decoded helps operators, investors, and policymakers start the week ahead of the curve.
Today’s edition is sponsored by Contrarian Thinking, Guru Conference, and 1440 Media - three partners fueling smarter strategy, sharper execution, and better mornings.
Michigan’s 24% wholesale cannabis tax brings the state’s total rate to 40%, ending its cross-border price edge and setting the stage for black-market revival. Ohio’s legislature, meanwhile, plans to legalize THC beverages while banning everything else, a carveout that shows who really shapes hemp law when panic meets lobbying.
A new episode of The Hybrid podcast dropped last week with Pamela Epstein of Terpene Belt - one of the industry’s sharpest legal minds - on hemp’s high-stakes legal future. Listen, like, and subscribe wherever you get your podcasts.
And as always, thanks to the reporters and editors covering this beat. They sit through hearings, read the bills, and surface the stories that make this intelligence possible. Support their work, subscribe, and share it forward.
💰 Michigan’s 40% Cannabis Tax Hits Border Towns
🍺 Ohio Carves Out THC Drinks, Bans Everything Else
🎧 Pamela Epstein on Hemp’s High Stakes
Have a productive week - and call us if you need us.
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