🌲 Washington Cannabis Price War, Schedule III Appeals, And New Tax Pressure

Built by a former cannabis regulator, Policy, Decoded helps operators read the policy terrain before it shifts beneath their feet.

Today’s edition starts in Washington, where a cannabis price war is colliding with the five-store cap and new control limits, putting proof and enforcement capacity at the center of the market’s next chapter. We also track the federal rescheduling push as a process story, with the DEA appeal still sitting upstream of any final rule that can survive court scrutiny. Florida and Michigan round out the day with courts and tax posture driving real planning decisions, from ballot access fights to wholesale tax litigation.

Today’s edition is supported by THC Group, which is proud to offer this brief for free to subscribers, and The Hybrid podcast hosted by former regulators Shawn Collins and Erik Gundersen. To sponsor Policy, Decoded and reach the executives, investors, and policymakers who read this briefing, reply to this email and we will send details.

🌲 Washington consolidation and caps
⏳ Schedule III appeal and record risk
💰 State tax and ballot fights

It is one thing to know. It is another to prove it.