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Abigail Spanberger: “If the taxation rate began so high that we might not have…”

Featuring: Abigail Spanberger, Democratic | Governor of Virginia

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Governor Spanberger Announces Details of Agreement to Create Retail Cannabis Market in Virginia

Published | Video Starts at 15:53

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.

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