We would see that with alcohol in the past as well, too. And what we'd like to do is one look at the tax formula. You know, when we started out, We had a provision... which basically based a tax on the amount of THC in a product. our goal was always to keep the effective rate around 20% because that's what our neighboring states were doing. Right. (16:35–16:46)
CLAIM
Asserts that there was a tax provision based on THC content in cannabis products.
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.