When you look at what the taxation rates are for beer and wine or for spirits, right. There's great variation. And my counterparts had and I think a correct worry that If the taxation rate began so high that we might not have that initial conversion to be able to tamp out as aggressively the illicit market. So the compromise there was, well, we'll do as. And we dug into what other states had done. Other states had done a tiered process. (15:53–16:03)
CLAIM
Asserts that high initial taxation rates could hinder conversion from the illicit market.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.