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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 The Current. Their support keeps these briefings free and focused on what actually matters.

There is a version of cannabis policy where every branch of government moves at the same speed toward the same destination. That version does not exist. Today's edition tracks what happens instead: Missouri uses a federal rewrite as a consolidation tool to route hemp products through dispensaries. A federal judge lets the Medicare CBD pilot launch over SAM's objections. Social equity operators in Massachusetts go to court to stop a repeal ballot question funded entirely by a national prohibitionist group. And the White House invites stakeholders into a room to talk about CBD enforcement policy without actually telling anyone what that policy is. The system is running multiple tracks at once, and the people absorbing the risk are the ones who have to guess which tracks converge.

🏛️ Missouri locks hemp into the dispensary lane
💊 Medicare CBD pilot survives its first legal test
⚖️ Massachusetts social equity operators fight for their businesses

The law is not an end in itself, nor is it merely a set of rules. It is a framework within which justice, order, and liberty find a working balance.

Archibald Cox

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