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Today’s briefing focuses on pressure points that are no longer theoretical: operators betting early on 280E relief, capital markets charging 11.5 percent for runway, and ballot campaigns where money and messaging matter as much as policy. We also track how rescheduling remains procedurally fragile, why hemp and CBD enforcement keeps tightening, and where states are quietly expanding access while regulators catch up.
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💰 Tax Risk Meets Reality
🏦 Capital Still Costs
🗳️ Ballot Politics Get Expensive
The price of waiting is rising.
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