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November 18, 2025
Built by a former cannabis regulator, Policy, Decoded helps operators read the policy terrain before it shifts beneath their feet.
The federal hemp limit is now a political clock, and the first few days after the shutdown deal show how quickly the terrain is moving. Colorado floats a state-level lifeline, Minnesota braces for a compliance cliff, Ohio sees a chance to force real rules, and North Carolina’s power brokers suddenly find themselves inside the very sector Washington just squeezed. The DOJ is tightening posture on federal lands, Virginia’s long-stalled adult use market is finally on the clock, and earnings calls show an industry balanced between hope and gravity. Today’s edition is supported by Morning Brew and 1440 Media.
🏛️ Federal land enforcement sharpens and PSLF rules shift
🌄 Virginia lines up a real adult-use launch
📉 Earnings season shows who can hold steady through compression
One day at a time.
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