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January 21, 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 the quiet reality behind the consolidation chatter: deals are still happening, but they’re showing up as lender processes, note plays, and distressed exits instead of splashy MSO mergers. We also cover hemp tightening at the state level from New Jersey to Texas, Florida’s petition probe turning into arrests, and early money pouring into 2026 ballot fights.
Today’s edition is supported by The AI Report. This briefing is also supported by our day job at THC Group, where we provide strategic counsel for policy, regulatory, and political headaches that do not come with clean rulebooks. Want to sponsor a future edition? Reach out.
🧩 Quiet deals, loud deadlines
🌾 Hemp gets boxed in
🗳️ Ballot season starts early
Deadlines decide.
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