In partnership with

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

I will be in Chicago this weekend for the IgniteIt Cannabis Capital Conference, June 14-16. I am joining Massachusetts Rep. Dan Donahue (D-Worcester) and others for a panel on the state's repeal ballot question, which ties straight into today's closing item on the SAM-funded effort to end adult-use sales. If you will be there, come say hello. Subscribers save 20 percent on registration with the code POLICYDECODED20.

The through-line today is the machinery of cannabis and hemp governance: who gets to build it, who runs it, who can afford to comply with it, and how much power it can bring to bear. North Carolina, unable to agree on a full hemp framework, fell back to the one piece everyone can pass, an age limit. Pennsylvania's board bill collapsed over who should hold the architecture. A New York appellate court, by one account, just handed regulators back the search power a lower court had stripped. Rhode Island finally staffed its commission while a federal court keeps its licensing program frozen, and Tennessee's new fee schedule quietly decides which small operators can afford to stay legal. The fights look local. The question underneath is the same everywhere.

🧃 The age-gate fallback
⚖️ OCM gets its searches back
🗳️ SAM's repeal, caught but not done

We shape our buildings; thereafter they shape us.

Winston Churchill

Pick the 2026 World Cup Winner. Split $1 Million.

Kalshi is running a free tournament contest. Pick which country wins the World Cup, sign up, and if your pick is right, you split $1 million with every other person who called it.

The markets are already moving. Every country has a price, and that price shifts with every result, every injury, every upset. These aren't opinions. They're real money backing real conviction, updating in real time as the tournament unfolds.

Kalshi is the official regional partner of the Argentine National Team and the only federally regulated prediction market exchange in the US. Make your pick and get $10 free to trade alongside it.

Trade responsibly.

Subscribe to keep reading

This content is free, but you must be subscribed to Policy, Decoded to continue reading.

Already a subscriber?Sign in.Not now

Recommended for you

View all
caret-right