Meristematix has modified and tailored our well-established price-elasticity models for government data in the cannabis industry to help ascertain their most market-efficient tax rate.
Although many governments have appreciated financial windfalls as a result of taxes in cannabis-legal markets, the fact remains that overt tax rates drive business to illicit markets, depriving the state of tax revenue while adding additional enforcement costs.
Meristematix for government data in the cannabis industry finds the sweet-spot tax rate to draw commerce out of the illicit markets and maximize tax revenues in what we like to refer to as “PerfecTax”