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December 22, 2025
Built by a former cannabis regulator, Policy, Decoded helps operators read the policy terrain before it shifts beneath their feet.
Today’s spine is simple: Schedule III now lives in the administrative record, and the next gatekeeper is the judge who decides whether the rule survives first contact with litigation. We also track how states are tightening the screws, from Ohio’s rewrite to New York’s new marketing rules and the early 2026 repeal machinery revving up.
Today’s edition is supported by Morning Brew and Fisher Investments. To sponsor Policy, Decoded and reach the executives, investors, and policymakers who read this briefing, reply to this email and we will send details.
⚖️ Court risk first
🧾 280E timing reality
🗳️ Ballot fights warming up
Paper beats press conferences.
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