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

A personal note before we start. I'm writing this in the airport on the way back from CANNRA, a little wrung out and a lot grateful. The kind words about The Hybrid and about this newsletter while I was there were unexpected. I don't charge for Policy, Decoded, but I do build it most nights in between the rest of life happening, and knowing that the people in that room actually read it is the whole reward. If you want to keep it free, the most useful thing you can do is click the ads. That is the entire model, and it works…so far.

One more bit of honesty. I get things wrong sometimes, and now and then I fat-finger or screw up a number, like floating an $11 billion Texas hemp market in yesterday's edition. Keep the corrections coming, because they sharpen the work and I read every one. Just remember there is a human on the other end, writing between meetings and flights and doing his best to land it right, grateful for your patience on the days he doesn't.

I'll be at IgniteIt in Chicago next week. If we crossed paths at CANNRA, or if we should have, come find me. I'd like to put more faces to the open rates. If you still need to register, POLICYDECODED20 takes 20 percent off.

And with that, to today.

🏛️ Laughlin's coalition cracks
⚖️ Rescheduling, a freeze request
🌿 Ohio's hemp line goes federal

It will be of little avail to the people that the laws are made by men of their own choice if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood.

James Madison, Federalist No. 62

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