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Built by a former cannabis regulator, Policy, Decoded helps operators read the policy terrain before it shifts beneath their feet.
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Today was the most consequential federal cannabis day in modern memory, and it is not a finish line. DOJ moved state-licensed medical marijuana and FDA-approved products into Schedule III while routing the broader question to a June 29th administrative hearing. Hours later, President Trump told Congress to protect full-spectrum CBD and restrict the rest of the hemp market, which is not a contradiction and not an endorsement of gas station weed. It is a signal about where a revised federal hemp floor might land, and the number already sitting in the record is 3 mg per serving. The real work starts Monday. Who regulates Schedule III medical cannabis in practice, how multi-state operators keep their medical and adult-use lanes clean under Treasury's apportionment hint, who is actually preparing testimony for June 29th, and how many state statutes still work after today - those are the questions on operator desks right now, and most of the coverage is not asking them yet.
🏛️ Rescheduling lands
🌿 Hemp floor signaled
📋 Monday's worklist
The trouble with our times is that the future is not what it used to be.
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