So what we were actually seeing is more effective rates like 26 and 27%, which is really making it cost prohibitive for the consumer or incentivizing. 26 or 27% was the tax on it. That's right. For a product when Our goal was really 20% [tax rate]. So I think we're looking to just make it a simpler tax structure. Have an excise tax, have a sales tax, have that 3% municipal tax to get us to around 20% so that we're more competitive with our neighbors. (17:05–17:08)
CLAIM
Asserts that the intended tax rate for cannabis was 20%.
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