Thank you, Mr. Chair, and thank you to the presenters.
My first question is for our friend in Washington state, Mr. Garza.
Thank you for your information here on the sales and tax activity. I find it very interesting, especially the future projections of the tax revenue you will generate from the sale of cannabis. At a 37% excise tax rate, how do you compete with the black market, with that being as high as it is? How does your pricing compare with that of the illicit trade or black market? I've asked this before, but not of an American who actually deals with the product down in the States.
How, then, does your product compare, in both Washington state and Colorado, with the black market?