Right. But when we had that potency tax, obviously it fluctuates with the amount of potency in a particular cannabis product that you're buying. So what We were actually seeing... 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%. So I think we're looking to just make it a simpler tax structure. (16:54–17:01)
CLAIM
Asserts that the effective tax rates on cannabis were higher than intended, making it cost prohibitive.
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.
