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February 3, 2026

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

Today’s edition starts with the November federal hemp deadline and an underpriced consequence: once a business falls into ongoing federal illegality, bankruptcy relief often goes from tool to mirage. Our Decoded Insight also flags something we are proud of: a commentary we authored in Clinical Therapeutics on medical cannabis safety, clinical risk, and the standards gap that still leaves patients doing too much of the risk management themselves. We also track governors quietly coordinating across state lines, South Carolina’s two-bill showdown on hemp THC, and Rhode Island’s tightening posture on hemp drinks alongside adult-use licensing litigation.

Policy, Decoded is written daily by THC Group, where we advise operators, investors, trade groups, and governments on policy, regulatory, and political headaches that do not come with clean rulebooks. Today’s sponsor is The Flyover.

⏳ Paperwork Has A Long Memory
🥤 Hemp Drinks Get The Tightening Grip
🏛️ Coordination Beats Chaos

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