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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 moves from market structure to market stress. Virginia lawmakers finally chose the architecture of a legal cannabis market. Ohio’s hemp dispute has turned into a constitutional fight over how far a governor’s veto pen can reach. Texas retailers are confronting the economic reality of new hemp rules, while regulators in Rhode Island, Michigan, and Missouri wrestle with the consequences of decisions made earlier in the cycle. The through-line is simple: legalization stories do not end with a vote. They begin with the governance that follows.

Today’s edition is supported by Fisher Investments and The Flyover.

🌿 Virginia turns legalization into structure
⚖️ Ohio puts veto power on trial
🤠 Texas forces the retail reckoning

The most important political office is that of the private citizen.

Louis Brandeis

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