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September 4, 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 supported by Pacaso, the modern way to co-own a luxury second home.
Texas’s attempt to ban THC collapsed as Dan Patrick’s crusade hit the wall of Abbott’s veto and a hemp industry too economically entrenched to kill. Whitney Economics data shows Texas hemp generated $4.3B in 2025 retail revenue and supports over 50,000 jobs, creating a constituency that proved more powerful than prohibition politics. Meanwhile, Green Thumb workers staged a Labor Day strike in Pennsylvania, THC beverages surged past $1.1B in sales, delta-8 use doubled in prohibition states, and Switzerland unveiled its full legalization framework.
And 🎧 a new episode of The Hybrid podcast drops this week, where cannabis policy, culture, and business intersect.
🌵 Track attempted prohibition
💰 Follow labor strikes and employee sentiment
🍺 Watch THC beverages make alcohol sweat
Start smarter. Move faster. Stay ahead.
Keep This Stock Ticker on Your Watchlist
They’re a private company, but Pacaso just reserved the Nasdaq ticker “$PCSO.”
No surprise the same firms that backed Uber, eBay, and Venmo already invested in Pacaso. What is unique is Pacaso is giving the same opportunity to everyday investors. And 10,000+ people have already joined them.
Created a former Zillow exec who sold his first venture for $120M, Pacaso brings co-ownership to the $1.3T vacation home industry.
They’ve generated $1B+ worth of luxury home transactions across 2,000+ owners. That’s good for more than $110M in gross profit since inception, including 41% YoY growth last year alone.
And you can join them today for just $2.90/share. But don’t wait too long. Invest in Pacaso before the opportunity ends September 18.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.