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Built by a former cannabis regulator, Policy, Decoded helps operators read the policy terrain before it shifts beneath their feet.
Today's edition is sponsored by Superhuman AI and Mindstream. Their support keeps these briefings free and focused on what actually matters.
This morning's read follows a single question playing out across multiple fronts: who gets to sell THC, and on whose terms. The alcohol industry is splitting between players who want to own the hemp beverage category and those who want to bury it. States are using licensing structures and tax policy to shape markets they can't quite bring themselves to ban. And the MSOs that bet on national scale are discovering what happens when the capital thesis breaks before the regulatory map fills in.
🍹 Alcohol's hemp fight moves inside the industry
🥃 South Carolina licenses its way toward a quieter ban
🏚️ The old MSO growth story keeps sending bills
The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function.
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