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

Sen. Jeff Merkley refiled the SAFE Banking Act with a bipartisan four, and the DEA opens its rescheduling hearing Monday with the government carrying the burden of proof. The work that actually moves the field is in the states. California is putting $227 million behind the idea that licensing alone never built a market, New York finally stood up the clinical cannabis center other states only announce, and on the Massachusetts State House steps, operators launched a campaign to beat back a repeal that every other legal state should read as a rehearsal.

🏦 SAFE, with a bipartisan four
💰 California's $227 million
🗳️ A repeal that rehearses for everyone

Eternal vigilance is the price of liberty.

Wendell Phillips (1852)

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