Phil returns to The Cole Memo for a wide-ranging conversation about cannabis policy from a consumer perspective. We discuss Illinois’ newly passed cannabis omnibus, questions surrounding dispensary ownership caps and consolidation, continued restrictions on home grow, cannabis possession limits, and whether the latest reforms actually do enough for consumers. We also discuss the uncertain future of hemp, THC beverages entering mainstream retailers and venues, cannabis surveillance, Michigan’s market, and what the next cannabis policy fight in Illinois might look like. Watch video version and read full show notes here: https://thecolememo.com/2026/08/07/e305/