🎭 Delaware's Incumbent Playbook + LA's Equity Extraction Exposed

Built by a former cannabis regulator, Policy, Decoded is your high-signal daily briefing for operators, investors, and policymakers navigating the collision of law, regulation, and business.

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This week exposed the iron triangle of cannabis regulatory extraction as Delaware's "competitive" launch handed medical operators exclusive advantages, while Los Angeles converted its $13 million equity program into bureaucratic payroll expansion. From Massachusetts reserving capital-intensive hospitality for underfunded operators to DEA's prohibition theater continuing despite new leadership, the intelligence reveals systematic capture mechanisms that sophisticated operators must decode to survive.

🎭 Read while incumbents advance.
💸 Check your regulatory bills.
🏛️ Forward to compliance teams.

Start smarter. Move faster. Stay ahead.