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Abigail Spanberger: “There's a revenue stream here [in cannabis taxation] when…”

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 15:40

Now that we are in this back and forth discussion, let's talk through what the goals are. So for example, on taxation, certainly I think that There's a revenue stream here [in cannabis taxation] 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. (15:40–15:47)

CLAIM

Asserts that cannabis taxation can provide a revenue stream similar to alcohol taxation.

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